Kunal Shah's Cred is expanding its range of financial services by applying for a license to operate as a stock broker. This strategic move is aimed at improving Cred's current offerings, which include payments, lending, insurance, and wealth management.

By entering the stock broking industry, Cred is positioning itself to compete with established players like Zerodha, Groww, and Angel One, who currently dominate the market. This move reflects Cred's ambition to create a comprehensive platform for financial services.