Beyond
TF Legend
Rio has rebranded itself into Zagg, new website can be accessed at Zagg.money
I think they wanted to disassociate themselves with Southern American perception otherwise card benefit and everything else is same.
Zaggle acquires Rivpe Technology for ₹97 cr to expand Rio.Money payments
"Zaggle will invest up to Rs 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," the company said.
Zaggle said that the acquisition not only expands our product offerings for existing users and customer base, it also adds a deep expertise on the UPI and facilitates our entry into the consumer credit card market.
"The acquisition of Rio.Money is a strategic cornerstone in our ambition to build one of India's most comprehensive fintech ecosystems. Rio.Money brings exceptional capabilities in UPI and consumer credit cards, two of the most transformative payment avenues in India today," Zaggle Founder and Executive Chairman, Raj P Narayanam, said.
1. Fintech SaaS firm Zaggle has already acquired Greenedge Enterprises, a golf travel and rewards provider, for INR 25 Cr, plus an additional INR 25 Cr investment. This deal will enhance Zaggle’s loyalty and travel offerings, especially its Propel platform.
2. Zaggle Signed 5 Year Referral Agreement with Mastercard to Launch New Credit Card Solutions.
It's yet to be seen, if this Zagg can counter kiwi, as first line of website says- "Your experience remains the same- just with a new name." 😅 And experience with Rio was - 'meh'
Anyways, if you are applying for a new Yes bank card, wait for sometime due to 1 card policy of the bank.
Zaggle acquires Rivpe Technology for ₹97 cr to expand Rio.Money payments
"Zaggle will invest up to Rs 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," the company said.
Zaggle said that the acquisition not only expands our product offerings for existing users and customer base, it also adds a deep expertise on the UPI and facilitates our entry into the consumer credit card market.
"The acquisition of Rio.Money is a strategic cornerstone in our ambition to build one of India's most comprehensive fintech ecosystems. Rio.Money brings exceptional capabilities in UPI and consumer credit cards, two of the most transformative payment avenues in India today," Zaggle Founder and Executive Chairman, Raj P Narayanam, said.
1. Fintech SaaS firm Zaggle has already acquired Greenedge Enterprises, a golf travel and rewards provider, for INR 25 Cr, plus an additional INR 25 Cr investment. This deal will enhance Zaggle’s loyalty and travel offerings, especially its Propel platform.
2. Zaggle Signed 5 Year Referral Agreement with Mastercard to Launch New Credit Card Solutions.
It's yet to be seen, if this Zagg can counter kiwi, as first line of website says- "Your experience remains the same- just with a new name." 😅 And experience with Rio was - 'meh'
Anyways, if you are applying for a new Yes bank card, wait for sometime due to 1 card policy of the bank.
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