Zaggle Prepaid Ocean Services Limited was incorporated as Zaggle Prepaid Ocean Services Private Limited' at Hyderabad dated June 2, 2011. Subsequently, Company was converted into a Public Limited company named Zaggle Prepaid Ocean Services Limited' on September 13, 2022.
The Company is a B2B2C Fintech SaaS Company, which is a leading player in spend management, with a differentiated value proposition and diversified user base. Incorporated in 2011, it interact with Customers (i.e., businesses) and end Users (i.e., employees) and is having one of the largest number of issued prepaid cards in India in partnership with certain banking partners, a diversified portfolio of software as a service (SaaS'), including tax and payroll software.
The Company is sector-agnostic, and their network covers the banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure and automobile industries, to name a few, where it maintains relationships with TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt,MAZDA, PCBL (RP - Sanjiv Goenka Group), Hiranandani group, Cotiviti and Greenply Industries.
In 2019. it launched a prepaid card powered by IndusInd Bank Limited, a channel incentive and engagement platform, namely, 'Propel' and an expense management card platform, namely, 'Save'.
In 2022, it launched an integrated data-driven business, 'Zoyer'. It launched a wearable contactless payment device, 'Zakey'.
In September 2023, Company made an Initial Offer by issuing 34,352,255 Equity Shares aggregating to Rs 563.37 Crore comprising a Fresh Issue of 23,902,439 Equity Shares aggregating to Rs 392 Crore and 10,449,255 Equity Shares aggregating to Rs 171.37 Crore through Offer for Sale.
In 2023, the Company launched its Spend analytics platform 'Zatix'. The Company signed up with BOB Financial Solutions Limited (BFSL) for Implementing Commercial card Onboarding & value-added services platform for BFSL.
Zaggle Technologies Limited (Z