FinTech Company Zaggle Bags 85 New Contracts In Q1 Of FY22 Touching INR 450 Crores GMV - GADGET-INNOVATIONS

FinTech Company Zaggle Bags 85 New Contracts In Q1 Of FY22 Touching INR 450 Crores GMV

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Leading FinTech Company Zaggle has announced today that they have successfully bagged 85 new contracts in the first quarter of FY2021-2022. The company has been on a winning spree and has touched a GMV of INR 450 crores between April-June 2021.

AT&T, Mitsubishi Electric Corp, Philips Carbon, UpGrad, RXIL, Perelli, Liberty Steel, Motilal Oswal and Nuvoco Vista are some of the top clients that the company has bagged in this quarter. Zaggle has been seeing a stellar performance and has witnessed a 30% growth in the existing quarter as compared to the erstwhile quarter. Since its inception, Zaggle has been helping corporate and SMEs to digitize their spends and expenses with the help of their bespoke products viz, Expense Management Platform and Rewards and Recognition Platform. Along with that, the pre-paid card business has also been successful for a lot of SME’s.

Recognizing the difference in handling the cash flow and spends after using these products, many corporate biggies have set a foot forward to utilize the services of Zaggle for a more hassle free management of their expenses. Through their seamless services and products, these new corporate giants that Zaggle has added to their list will be able to facilitate smooth employee reimbursements, offer the perks of employee tax benefits, incentives and rewards.


• The complex and tedious workflow

• Payments still made in Cash

• No Real-time Control or Visibility over the Business Spends

• Manual Accounting and a Reconciling Stack of Receipts and Spreadsheets

• Lots of man-hours required

• Risk of Frauds and Duplication

All these called for a change - A Revolutionary Change!

Zaggle has 4,500+ clients, it also has users over 4.5 million users, has offices across 10 Cities with around 200+ with 100+ Hiring Employees and is geared towards building Network Agnostic Payment System and Customer Experience.

Zaggle offers:



Expense Management System (EMS):  EMS is an easy to use, simple platform which facilitates the seamless storage of bills and expenses of the employees which can be reviewed by employers in real time and reimbursed in a jiffy. The platform is powered by AI and ML which can easily identify and duplicate bills and helps companies save more yearly.


Propel: Propel is a channel incentivization program that enables companies to communicate with their channel partners viz, distributors, partners and retailers. It helps in solving the intricate issues that involves the management of complete lifecycle of sales incentives right from the development of schemes until the end users receive it, analytics and reconciliation.


Save: Save is an employee benefits and tax saving platform that enables corporate employees to save on their taxes through Meal, Periodicals and Book. The entire process is digital that facilitates complete transparency in terms of the spend being on the correct category and making the process entirely compliant in line with the statutory law.


Edge: Edge is a Prepaid Product Platform that enables corporate manage their various spend needs such as Gifting, payment for contract employees and gig workers, to make payments in advance to the contractors and employees. Virtual versions of the cards are also available. Some of the well-known use cases of Edge are:

•PayDay Card


•Kuber Card


•Jewelry Card


•Forex Card


Mumbai August 12, 2021