Zaggle

Fintech firm Zaggle Prepaid Ocean Services has placed Rs 97 crore bet on consumer credit card and UPI-based payment solution provider Rivpe Technology with its 100 per cent acquisition, according to a regulatory filing. Zaggle will acquire Rivpe for Rs 22 crore and invest Rs 75 crore in the latter's brand Rio.Money to support product enhancement and expansion of consumer payment offerings. "We wish to inform you, the Board of Directors of Zaggle Prepaid Ocean Services Limited at its meeting held today...approved ...acquisition of 81,429 Equity Shares and 16,407 Compulsory Convertible Preference Shares for consideration up to Rs 22 crores from the existing shareholders of Rivpe Technology Private Limited (Rivpe), representing 100 per cent of issued and paid-up capital of Rivpe on a fully diluted basis," the filing said. The transaction is expected to close in 120 days. "Zaggle will invest up to Rs 75 crore in Rio.Money, in one or more tranches, to support product enhancement, ...

On the bourses around 10:20 AM, Zaggle share price was trading 1.84 per cent lower at ₹345.90 per share. In comparison, BSE Sensex was trading 0.26 per cent lower at 82,112.30 levels.

Under the contract, Mastercard will incentivise Zaggle to launch and promote co-branded domestic prepaid cards on the Mastercard network

Zaggle Prepaid Ocean Services Ltd on Tuesday said it has acquired 100 per cent stake in fintech firm Rio Money for Rs 22 crore in a strategic move to enter the high-growth consumer credit card segment via UPI. With this acquisition, Zaggle, a major player in corporate spend management and commercial cards, has forayed into the rapidly expanding retail credit payments market, the company said in a statement. The acquisition forms part of Zaggle's broader strategy to invest proceeds from its Rs 595 crore QIP towards growth-focused, accretive acquisitions. Founded in 2023, Rio Money offers a cutting-edge UPI app that seamlessly integrates credit into UPI transactions. "Rio brings deep expertise in UPI solutions and the consumer credit cards space, with differentiated product offerings. This acquisition also enables us to drive innovation not only in corporate spend management but also in the consumer credit card segment," said Zaggle's Founder & Executive Chairman Raj P ...

Financial technology firm Zaggle on Thursday said it has partnered with travel and expense solutions provider Mesh Payments to tap the global spend management market. Zaggle, in a statement, said that its association with Mesh Payments will enable Indian MNCs to manage global expenses across the US, Europe, and Latin America using Mesh's capabilities to issue corporate cards in global markets. Mesh's global clients operating in India, through their GCCs, can leverage Zaggle's spend management ecosystem, including prepaid cards, forex cards and corporate credit cards, it added. Zaggle founder and Executive Chairman Raj P Narayanam said the partnership with Mesh is a strategic move to extend the platform's leadership beyond borders. Citing a Deloitte report, Zaggle said that the top 100 companies in India spend more than USD 2.2 billion on business travel. India's digital transformation is creating unprecedented demand for intelligent spend solutions, and we are uniquely positioned

Zaggle Prepaid's stock rose as much as 8.22 per cent during the day to ₹396.7 per share

Fintech platform Zaggle Prepaid Ocean Services on Monday posted a 67 per cent rise in net profit to Rs 32 crore for the fourth quarter ended March 2025. The company had reported a net profit of Rs 19 crore in the year-ago period, Zaggle said in a regulatory filing. During the quarter under review, the company's operating revenue rose 50 per cent to Rs 411 crore compared to Rs 273 crore a year ago. "Building on our strong performance, we project our organic FY26 topline growth to range between 35 per cent and 40 per cent. As we continue to scale, we remain focused on driving margin expansion through increased operating leverage, operational efficiencies, and cross-sell opportunities," Zaggle Chairman Raj P Narayanam said.

Zaggle share price: The company inked an agreement with Grant Thornton Bharat LLP (Grant Thornton). The contract is to be executed in three years

The company's shares hit the upper circuit for the second consecutive day on Friday, while the benchmark Nifty50 was trading 0.15 per cent lower as of 10:28 AM

Zaggle Prepaid Ocean Services has signed a deal with Tech Mahindra to provide the company with its spend management dashboard, Zatix

Under the contract, the Zaggle will provide Honasa Consumer with services from Zaggle Zoyer Platform which helps businesses streamline and automate multi-branch and store recurring expenses

Zaggle Prepaid: Bank of India ELSS Tax Saver, Societe Generale - ODI, ICICI Prudential Technology Fund, and Nuvama Enhanced Dynamic Growth Equity are among the key QIB allottees

Shares of Zaggle Prepaid Ocean Services hit the upper circuit of 5 per cent at Rs 490.65 on the BSE

The Zaggle share price rose after the company announced that it has entered into an Supplier Framework Agreement with Strada India Private Limited

Zaggle's consolidated profit rose 145 per cent to Rs 18.56 crore as compared to Rs 7.59 crore a year ago

SaaS fintech platform Zaggle Prepaid Ocean Services on Wednesday posted a three-fold increase in consolidated net profit to Rs 20.3 crore for the September quarter. It had reported a net profit of Rs 7.62 crore in the year-ago period, the company said in a regulatory filing. The revenue from operations for the quarter under review was Rs 302.5 crore, 64.22 per cent higher than Rs 184.2 crore a year earlier, it said. "As part of our growth strategy, we are actively seeking strategic alliances and inorganic growth opportunities. We are strongly focusing on M&As with a combined strategy of small tuck-ins and larger investment opportunities, in the SaaS Fintech sector, including areas like NBFC, Payments, etc. "In line with our growth plans, we have taken approval from the board of directors for a fundraise of up to Rs 9,500 million (Rs 950 crore) subject to shareholders' approval," Raj P Narayanam, Founder and Executive Chairman, Zaggle Prepaid Ocean Services, said. The firm is ...

The uptick in the stock price followed the announcement that Zaggle Prepaid Ocean Services has entered into an agreement with Equinox India (formerly Indiabulls Real Estate)

Ace investor Ashish Kacholia held 2.90 million equity shares or 2.37 per cent stake in Zaggle at the end of the June 2024 quarter, shareholding pattern data shows

The Zaggle Prepaid Ocean Services share price rose after the company announced that it has inked a pact with HDFC Ergo General Insurance Company.

New credit card offerings and lower finance costs helped fintech player Zaggle Prepaid Ocean Services Ltd post a strong 35 per cent growth in revenue in the December quarter, a top company official said on Friday. The fintech player, which provides spend management products and solutions, also said that its recent Rs 200 crore deal with Torrent Gas Ltd offers significant volume and margin potential. Zaggle reported its all-time high quarterly revenue of Rs 199.5 crore for the October-December quarter of 2023-24, a growth of 35.1 per cent over Rs 147 crore in the year-ago period. "The record-breaking performance is a result of our product portfolio's strategic diversification and the successful launch of commercial credit card offerings," Zaggle executive chairman and founder Raj P Narayanam said. "With Torrent Gas Ltd joining as a client, we have entered the fleet loyalty card program, offering significant volume and margin potential," he said, adding that the company is tapping in