Global Expansion Strategies for FinTechs in Emerging Markets: A Playbook for Leaders
2nd August 2025
Exclusive
Top Fintech Innovations Shaping 2025: The Future of Finance
What the Future Holds for Digital-Only Banks: Navigating the Next Era of Banking
The Rise of Contactless Payments: Benefits and Security Concerns
Flipkart Gets a Lending Licence: A Bold Leap into Embedded Finance
.jpg)
The Future of Payments: Trends Reshaping Transactions in 2025
Biometric Payments: The Next Big Trend in Secure Transactions
The Role of Cryptocurrencies in Cross-Border Payments
QR Codes and the Cashless Leap: Transforming India's Financial DNA
How Open Banking is Shaping Financial Services Globally
The Impact of 5G on Fintech Services
How AI is Transforming the Credit Scoring System
The Evolution of Fintech Regulation: What’s Next?
Subscribers: 148
Zaggle acquires a 51% stake in Effiasoft to strengthen its fintech capabilities.
News
01 April 2025
1 min read
19647
Zaggle Prepaid Ocean Services Ltd, a leading fintech SaaS company, has announced the acquisition of a 51% controlling stake in Hyderabad-based billing software provider EffiaSoft Private Ltd for over ₹41 crore. The board approved the purchase of a 45.33% stake for ₹36.72 crore, with plans to acquire an additional 5.67% for ₹4.59 crore, pending a decision on the mode of acquisition.
EffiaSoft, founded by BITS Pilani alumni, specializes in enterprise software solutions, including point-of-sale (POS) systems and inventory management tools. The company has a network of over 300 merchant partners and recorded revenues of approximately ₹19 crore in FY24, with projections of ₹27 crore for the current fiscal year.
This strategic move aligns with Zaggle's goal to enhance its fintech ecosystem by integrating EffiaSoft's technology, aiming to accelerate product development, improve payment processing capabilities, and drive digital transformation in the fintech sector.
The acquisition is expected to be completed within 90 days, pending regulatory approvals.
Sources: News
👍 0
💬 0
Read Next
Article
Biometric Payments: The Next Big Trend in Secure Transactions
Blog
BNPL 2.0: What’s Next for Buy Now, Pay Later in 2025?
News
NABARD’s New Credit Model Aims to Transform Rural India’s Agri Economy
News
Indians Moving Funds from FDs to Stocks & Mutual Funds as Investment Trends Shift
News
RBI’s Repo Rate Cuts: What It Means for Fixed Income Investors in India
Blog
FinTech as a Regulated Industry: A Core Operational Pillar
×
Live Polls
Live Discussion
Topic Suggestion
Whom Do You Wish To Hear
Leave your opinion / comment here