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Cred's Subsidiary Spenny Applies for Stock Broking Licence
- Cred, led by Kunal Shah, is expanding its financial services platform by applying for a stock broking licence via its subsidiary, Spenny.
- This move positions Cred to enter the competitive stock broking space, currently dominated by Zerodha, Groww, and Angel One.
- Cred's entry could bring additional revenue opportunities from transaction fees, account management, and potentially advisory services.
Source: Moneycontrol
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