Kunal Shah

WhatsApp’s leader, Will Cathcart, is stepping down after seven years to build new products at Meta. Kunal Shah, founder of Indian fintech startup Cred, will take over as head of WhatsApp. Meta is also investing $900 million in Cred, valuing it at $4.5 billion. This leadership change supports Meta’s diversification strategy beyond advertising and its focus on new revenue streams like subscriptions and AI.