Zaggle Prepaid Ocean Services Ltd
Updated
Zaggle builds world-class financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows
Zaggle builds financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows.
Headquartered at Hyderabad, it is at an intersection of of SaaS (Software as a service) and Fintech. With 273+ employees, the company has 50 Mn+ co-branded prepaid cards.
Products
Zaggle Zoyer: accounts management services
Zaggle Save: Help employees save tax with Save’s flexible employee benefit plans
Zaggle Propel: all-in-one solution for employee rewards, and channel partner incentives.
Offers a combination of payment instruments, mobile application and API integrations through VISA cards, mobile app, partners and dashboard.
New Launch Q1FY24
In Q1FY24, Zaggle introduced corporate credit cards and vendor management platform – Zoyer. Also, their customer base expanded and cross-selling initiatives were taken up.
New Contracts
In Q1FY24, company entered into contract with BOB Financial Solutions Limited for implementing commercial card Onboarding & value-added services platform and launch of the Zaggle Yes Bank Corporate Credit Card, powered by Zaggle Zatix – a spend analytics platform that allows corporates to streamline
business and employee expenses, budget better and negotiate favorable supplier terms.
Corporate collaborations
The company has an esteemed list of corporates like Tata capital, Inox, NSDL, DBMS, Wockhardt, Yes Bank, Greenply etc.
Agreement with VISA
In Oct,23, company has entered into a growth agreement with VISA. This alliance is in support of the issuance of Forex CoBrand Cards. Visa will pay the launch bonus for supporting the launch of Forex Cobrand Cards. and will also pay incentives on Forex transactions basis spend commitments. Zaggle can leverage existing Corporate base
to sell forex cards to employees of the Corporate client, and it can be tightly coupled with Zaggle expense management solution.
The deal size is ~$20 Mn for next 5 years.
Zaggle builds financial solutions and products to manage the business expenses of corporates, SMEs, & Startups through automated and innovative workflows.
Headquartered at Hyderabad, it is at an intersection of of SaaS (Software as a service) and Fintech. With 273+ employees, the company has 50 Mn+ co-branded prepaid cards.
Products
Zaggle Zoyer: accounts management services
Zaggle Save: Help employees save tax with Save’s flexible employee benefit plans
Zaggle Propel: all-in-one solution for employee rewards, and channel partner incentives.
Offers a combination of payment instruments, mobile application and API integrations through VISA cards, mobile app, partners and dashboard.
New Launch Q1FY24
In Q1FY24, Zaggle introduced corporate credit cards and vendor management platform – Zoyer. Also, their customer base expanded and cross-selling initiatives were taken up.
New Contracts
In Q1FY24, company entered into contract with BOB Financial Solutions Limited for implementing commercial card Onboarding & value-added services platform and launch of the Zaggle Yes Bank Corporate Credit Card, powered by Zaggle Zatix – a spend analytics platform that allows corporates to streamline
business and employee expenses, budget better and negotiate favorable supplier terms.
Corporate collaborations
The company has an esteemed list of corporates like Tata capital, Inox, NSDL, DBMS, Wockhardt, Yes Bank, Greenply etc.
Agreement with VISA
In Oct,23, company has entered into a growth agreement with VISA. This alliance is in support of the issuance of Forex CoBrand Cards. Visa will pay the launch bonus for supporting the launch of Forex Cobrand Cards. and will also pay incentives on Forex transactions basis spend commitments. Zaggle can leverage existing Corporate base
to sell forex cards to employees of the Corporate client, and it can be tightly coupled with Zaggle expense management solution.
The deal size is ~$20 Mn for next 5 years.
Trade closed: target reached
Target Achieved
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For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
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