Zaggle Acquires Rivpe Technology to Enhance Fintech Solutions
In a bold move to expand its footprint in the fintech sector, Zaggle, a leader in spend management and SaaS-based financial technology, has finalized the acquisition of Rivpe Technology. This acquisition marks a strategic step in enhancing Zaggle’s offerings, particularly in consumer credit and UPI-based payment solutions.
Acquisition Details
The announcement first surfaced in July 2023. Under the terms of the deal, Zaggle will acquire all shares and preferred shares of Rivpe Technology for a cash consideration. This acquisition aims to take control of the entire issued and paid-up share capital of the startup, contingent on the completion of a Share Purchase Agreement.
Investment Plans for Growth
In conjunction with the acquisition, Zaggle has committed to investing up to ₹75 crore in Rivpe Technology over one or more phases. This significant investment will be directed towards product enhancements, technology developments, marketing initiatives, and the expansion of consumer payment offerings. Zaggle views this acquisition as a pivotal milestone in solidifying its strategy in consumer payments within the fast-evolving fintech landscape.
About Rivpe Technology
Founded in 2023 by Riya Bhattacharya and Vivek Amarnani, Rivpe Technology specializes in innovative fintech solutions that include providing consumer credit through UPI-based payment methods. Their platform uniquely offers credit via QR codes on UPI and co-branded Rupay credit cards. The startup is backed by reputable investors like Blume Ventures and Village Global, underscoring its promising potential in the fintech sector.
Zaggle’s Recent Acquisitions
This acquisition of Rivpe Technology follows Zaggle’s previous acquisition of Greenedge in September 2025, focusing on loyalty experiences and rewards, particularly related to golf-based business engagements. These strategic moves highlight Zaggle’s commitment to diversifying its service offerings and enhancing user experience in the fintech arena.
About Zaggle
Founded in 2011 by Raj N Phani Narayanam, Zaggle has established itself as a prominent financial technology company dedicated to providing digital solutions for business spend management. The company’s services range from spend and payment automation to various rewards and recognition programs. Headquartered in Hyderabad, Zaggle offers a versatile suite of SaaS products that cater to enterprise customers, streamlining their payment processes and optimizing business spend workflows.
Impact on Fintech Industry
As of September 30, 2025, Zaggle claims to have issued over 50 million prepaid cards, catering to more than 3.5 million users across various sectors. The company’s enterprise network encompasses industries such as banking, healthcare, technology, manufacturing, FMCG, infrastructure, and automotive. The acquisition of Rivpe Technology further strengthens its position and capabilities within the fintech ecosystem.