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Zaggle Reviews

Hyderabad, Telangana

4.0/ 5

1 review

Zaggle Prepaid Ocean Services Limited is a leading Indian B2B2C fintech company specializing in digital spend management and SaaS solutions. Founded on June 2, 2011, by Raj Phani Narayanam in Hyderabad and currently headquartered in Mumbai, the company operates at the intersection of the SaaS and fintech ecosystems. Zaggle is designed to help organizations of all sizes—ranging from startups and SMEs to large enterprises—digitize and automate their financial workflows to improve transparency, efficiency, and operational control. The company’s core business model revolves around a unified platform that integrates employee benefits, expense management, accounts payable, and rewards and recognition. Zaggle’s diverse product portfolio includes: - Zaggle Save: A SaaS-based platform and mobile application for expense management, facilitating digitized employee reimbursements and tax benefits. - Zaggle Propel: A corporate SaaS platform focused on channel partner incentives, employee rewards, and recognition programs. - Zaggle Zoyer: An integrated, data-driven SaaS platform with embedded finance capabilities for core invoice-to-pay and procure-to-pay workflows. - Zaggle Corporate Credit Card with ZatiX: An integrated solution providing spend analytics and enhanced financial management.Zaggle has established a robust market presence, serving over 3,400 corporate customers across diverse sectors such as banking, healthcare, technology, manufacturing, and FMCG. The company has issued more than 50 million prepaid and credit cards in collaboration with major banking partners, including HDFC Bank, Axis Bank, ICICI Bank, and IndusInd Bank. These cards operate on global payment networks like Visa, MasterCard, and RuPay. With over 3.2 million platform users, Zaggle generates revenue through three primary streams: Propel Platform Revenue (monetizing reward points), Program Fee Revenue (sharing interchange fees with banks), and SaaS Fee Revenue (subscription fees for software usage). Financially, Zaggle has shown significant growth. It transitioned to a public limited company and was listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in 2023. For the fiscal year ending March 31, 2026, the company reported revenue exceeding INR 1,000 crore. The leadership team is headed by Founder and Executive Chairman Raj Phani Narayanam and CEO Avinash Godkhindi. The company remains focused on strategic expansion, recently engaging in acquisitions to bolster its technology in areas like payments, accounting technology, and retail software. With a workforce of over 420 employees and a commitment to innovation, Zaggle continues to empower businesses to automate complex financial processes and contribute to India’s evolving digital economy.