Zaggle is what happens when you cross an HR expense policy, a corporate prepaid card, and a fintech marketing deck. Headquartered in Hyderabad, it claims the title of India’s #1 prepaid card issuer with 50+ million cards in circulation, partners with every major bank from SBI to Yes Bank, and throws in AI bots (RazBot) for flavour. FY25 revenue? ₹1,384 crore. Profit? ₹97.3 crore. Debt? Practically negligible at ₹19.9 crore — just enough to keep the banker’s number in your phone.
2. Introduction
Founded at the intersection of SaaS and Fintech (translation: software subscription fees + transaction fees = recurring cash), Zaggle caters to corporates, SMEs, and startups trying to tame their business expense chaos.
The pitch: Automate expense management, reward employees, issue co-branded payment cards, and sprinkle in analytics so the CFO feels like Tony Stark with Excel.
The reality: Rapid revenue growth (52% TTM), healthy PAT growth (66% TTM), and a product portfolio that ranges from corporate credit cards to vendor management platforms. The client list reads like a who’s-who of corporate India — Tata Steel, Persistent, Greenply, Hiranandani — and the partnerships list is basically a fintech networking event.
