Zaggle Prepaid Ocean Services Limited, a spend management and SaaS-led fintech company, will acquire Rivpe Technology Private Limited, which offers consumer credit cards and UPI-based payment solutions.
“Zaggle will acquire Rio.Money’s equity and preference shares for a cash consideration, resulting in the purchase of the company’s entire issued and paid-up share capital on a fully diluted basis,” a Zaggle statement said.
Zaggle will invest up to ₹75 crore in Rio.Money, in one or more tranches, to support product enhancement, technology advancement, go-to-market initiatives and expansion of consumer payment offerings.
Published on December 5, 2025