How To Make An App Like Cred In 2023? ⋆ Appic Softwares

How To Make An App Like Cred In 2023?

Launched in 2018, Cred has currently raised $801.5M in funding with the help of 34 investors. Build with a simple idea, Cred provides rewards to customers that use their platform to pay their credit card bills. 

Now, if you are planning to build an app similar to Cred and looking for a complete guide with information on how it earns money then you are at the right place. Here we have pulled our leg for you and drafted this post. 

So, let’s dive in and check the content in this post-

What Is Cred App?

Cred app makes life easier for users that need to pay their credit card bills. It is integrated with WhatsApp and reminds the customer every time their bill payment date arrives. Not only this, Cred provides customers with rewards every time they make a payment, through the Cred app. 

Cred is now adding new features to the app like UPI transactions, Cred wallet, and more as shown in the above video. 

How To Make An App Like Cred?

Cred credit score checker

To make an app like cred here are the top three steps that you must know-

Partner With An App Development Company

The first step is to partner with a company that has previously developed a financial app and has the best knowledge of using the latest technologies. Partnering with them will save your investment which can later be used in marketing activities. 

Additionally, partnering with them will also help you get some add-on knowledge of features you can integrate and make your app unique. 

Choose The Tech Stack 

Tech stack plays an important role in creating the UI of your app that you need. For example, if you want 3D rendering in your app then you should choose React, or if you want an app with high customization then you should go with Flutter. 

Similarly, Angular can be used to make your app and website more secure. If you are confused then we are providing free counseling on app development that you can take. 

Test The App

Although, app development companies have a team of quality analysts that will ensure your app runs bug-free and has a simple UI. Anyway, you should ask them for an APK file to have a look at how it will feel and work to ensure that all your requirements are met. 

How Does Cred Make Money?

Cred uses multiple sources of revenue such as-

  • Advertisements

Cred allows different businesses like Gillet, Puma, etc. to advertise their products on Cred charging money in return for every ad displayed. Furthermore, cred has a marketplace in their app from which customers can purchase different products. 

  • Cred Coins

For every payment made by a customer, Cred provides them with a certain amount of Cred coins.  Now customers can use these coins to avail of discounts on products listed on Cred and every time a customer uses them Cred charges a fee.

  •  Loans

Recently, Cred did a collab with IDFC bank with which customers can acquire a loan of up to 5 lakhs. Now whenever a customer takes a loan, Cred acquires a certain commission from IDFC. 

  • Data

Cred stores all the financial data of the customers ranging from monthly credit card payments to spending limits, they might provide it to institutions that are looking for verified leads. 

These were some ways through which Cred earns money. 

  • Cred Pay

Cred UPI

Cred has recently launched a UPI payment option that can be used by their customers to pay the bill at a store or to a friend directly from their bank account. 

Tech Stack Used to Create An App Like Cred

Based on the knowledge of our experts and some market research, here we have listed some technologies that Cred might have used to develop their app-

  • Data & Application

The app is built on an open-source Javascript called React. Other than that the other technologies used are- 

  • Python
  • NodeJs
  • Android SDK
  • Apache Flink
  • Etc.
  • DevOps

  • Docker
  • Git
  • Bitbucket
  • Visual Studio Code
  • Subline Text
  • And more.
  • Utilities

  • Shopify
  • Postman
  • Amazon SES
  • Lottie
  • Glide
  • AWS key management services.
  • Business Tools

  • Gmail
  • WordPress
  • Jira
  • Slack
  • Asana
  • Confluence

Cost Of Developing An App Like Cred

The cost of developing an app like Cred would be between $20,000 to $70,000. However, it also depends on the list of features you want to include in your app, the tech stack you are using, and the mobile app development company you are partnering with. 

Other than that you can here are some more factors that can determine the cost of your app creation-

  • Design of the app.
  • Time consumed to implement your ideas.
  • Country of your app development team.


Now, in the end, we hope that through this post you were able to gain on how to create an app like Cred. 

However, if you are looking for a financial app development company that can create a feature-loaded application at a very reasonable price, then you should check out Appic Softwares. We have a team of an experienced team of developers that can use all the latest technologies like AI, Flutter, React, and more to craft your application. 

Additionally, we are providing a free project designing service that allows you to know how your app would look and function. 

So, what are you waiting for?

Start your app development now!

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