Zaggle To Acquire Rio.Money To Enter Consumer Credit Card Market

Zaggle is acquiring fintech startup Rio.Money for INR 22 Cr to enter the consumer credit card market

In an exchange filing, Zaggle said it has signed a non-binding agreement to acquire a 100% stake in Rivpe Technology Pvt Ltd (Rio.Money)

While Zaggle didn’t provide the startup’s FY25 numbers, it said Rio.Money had a turnover of INR 13 Lakh in FY24

Fintech SaaS major Zaggle is acquiring fintech startup Rio.Money for INR 22 Cr to enter the consumer credit card market.

In an exchange filing, Zaggle said it has…