Meta is investing $900 million into India-based fintech startup Cred for a 20% stake, and as part of the transaction, Cred’s founder and CEO Kunal Shah will move over to become the global head of WhatsApp. Shah will remain chairman of Cred, while his deputy Miten Sampat will step up to lead the company. Meta COO Chris Cox said Shah was “the clear choice” to replace former WhatsApp head Will Cathcart, who is moving to a role to build new products after seven years leading WhatsApp. Mark Zuckerberg said Shah brings a “builder mentality and global mindset.” At Cred, Shah helped raise nearly $1 billion from investors at a valuation that peaked at $6.4 billion. He previously sold his digital payment startup Freecharge to Snapdeal in 2015 for around $400 million.