Cred has launched a new initiative called 'Svalbard,' which allows users to pledge mutual funds in exchange for digital credit lines. This move is part of the company's broader strategy to enhance its offerings in the credit market. Additionally, Cred has made adjustments to its P2P lending platform, Mint, to comply with the latest regulations from the Reserve Bank of India (RBI). The startup is also seeking to expand its partnerships with banks and non-banking financial companies (NBFCs). In a related development, Cred's founder, Kunal Shah, stated that applicants for jobs at the company must have a credit score of over 750, emphasizing the importance of responsible financial behavior. Shah noted that the company's products aim to promote such behavior, and he expressed a desire to increase the credit score threshold to 800 in the future. Furthermore, Cred is introducing AI-driven tools to improve credit scores and has plans for a financial literacy initiative.