Zaggle to Acquire Rio.Money for UPI Push

  Published 11 months ago

Zaggle plans to acquire fintech Rio.Money, expanding into UPI and credit cards while boosting SaaS and spend solutions.

  • Acquisition gives Zaggle a strategic entry into the UPI payments and co-branded consumer credit card segment.
  • Rio.Money adds niche tech capabilities despite a modest turnover of Rs 0.13 crore in FY24.
  • Deal expected to close within 60 days, extendable by 30, strengthening Zaggle’s diversified fintech portfolio.

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