Acquiring Company
Zaggle Prepaid Ocean Services
Acquired Company
Rio Money
PuneAssamFinancial Servicesinformation technology & servicesInformation TechnologyFinancial ServicesFinanceFintechLendingBankingDescription
Zaggle is set to acquire digital banking platform Rio Money for Rs 22 crore. Rio Money, founded in 2023, provides innovative fintech solutions through its EMIs on QR codes. This acquisition will expand Zaggle's footprint in the digital payments sector. The deal reinforces Zaggle's commitment to enhancing payment services.
Quick answer
Zaggle Prepaid Ocean Services is acquiring Rio Money, announced July 29, 2025. Zaggle Prepaid Ocean Services is based in Pune, Maharashtra, India.
- How much did Zaggle Prepaid Ocean Services pay for Rio Money?
- The deal value was not disclosed.
- What does Zaggle Prepaid Ocean Services do?
- Zaggle is a leading player in spend management, focused on business-to-business-to-customer segments.
- Where are Zaggle Prepaid Ocean Services and Rio Money based?
- Zaggle Prepaid Ocean Services is based in Pune, Maharashtra, India. Rio Money is based in Assam, India.
- Who are the decision-makers at Zaggle Prepaid Ocean Services?
- Fundz holds 1 contact at Zaggle Prepaid Ocean Services. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Woori Financial acquires Woori Financial Insurance (July 1, 2025)
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- Atlanticus acquires Mercury Financial for $162M, $162M (September 11, 2025)
- Hope Bancorp completes acquisition of Territorial Bancorp (July 25, 2025)
- Western Union acquires Intermex for $500M, $500M (September 6, 2025)
- Mechanics Bank merges with HomeStreet, Inc. (September 2, 2025)
Who to call at Zaggle Prepaid Ocean Services, and when
When Zaggle Prepaid Ocean Services changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Zaggle Prepaid Ocean Services raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Zaggle Prepaid Ocean Services, from your own LinkedIn network
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Frequently asked
Who acquired Rio Money?
Rio Money was acquired by Zaggle Prepaid Ocean Services, based in Pune. The deal was reported on July 29, 2025. Zaggle is a leading player in spend management, focused on business-to-business-to-customer segments. It is known for issuing a large number of prepaid cards in India through partnerships with banks. Zaggle Prepaid Ocean Services is privately held and operates in Financial Services.
When did Zaggle Prepaid Ocean Services acquire Rio Money?
Zaggle Prepaid Ocean Services's acquisition of Rio Money was reported on July 29, 2025. Zaggle is set to acquire digital banking platform Rio Money for Rs 22 crore. Rio Money, founded in 2023, provides innovative fintech solutions through its EMIs on QR codes. This acquisition will expand Zaggle's footprint in the digital payments sector. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Rio Money do?
Rio Money is a fintech company that offers equated monthly instalments (EMIs) via credit payments on QR codes through UPI. Founded in 2023, it aims to provide convenience in digital transactions. It is privately held, operating in Information Technology, and is based in Assam.
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