Wednesday, July 6, 2022

Zaggle Is One of The 11 BFSIs Selected By NPCI And MeitY To Showcase Their Solutions At Digital India Week 2022

* Company is among 1 of the 3 FinTechs selected by NPCI and MeitY for Digital Mahotsav

Zaggle, a profitable SaaS FinTech company and a pioneer in digitizing business spends, has been selected by NPCI and MeitY to showcase its solutions at the 8th edition of Digital India Week 2022 to be hosted in Gandhinagar, Gujarat from 4-8th July, 2022. Out of 50+ entries, NPCI and MeitY hand-picked Zaggle for its innovative and state-of-the-art solutions.

Digital India Week has been inaugurated by the honourable Prime Minister, Shri Narendra Modi Ji and the theme for this year is ‘Catalyzing New India’s Techade’. Zaggle is showcasing its Lending Solutions for MSMEs and SaaS Products at the event.

Speaking on the development, Mr. Raj N, Founder and Chairman, Zaggle said, “Digital India programme was launched by the Government of India with a vision of transforming India into a knowledge economy and digitally empowered society. We are honoured and humbled to be part of the Digital India Week. It is an extremely proud moment for everyone at Zaggle to be part of this journey. Technology has played an important role during the pandemic to build a resilient and connected Indian economy and the startup ecosystem will be a strong pillar of growth for India for years to come. Zaggle has seen a phenomenal growth journey since its inception and we are excited and optimistic to tap the $1 trillion addressable spend management market in India.”

Speaking on the development Mr. Avinash Godkhindi, MD & CEO, Zaggle said, “We are extremely honoured and excited to be a part of the Digital India Week 2022. At Zaggle, our mission is to digitize business spends for corporates, SMEs and Startups to drive growth and unlock value through innovative and automated workflows. To be selected by NPCI & MeitY as one of the few BFSI companies to showcase its solutions is another step that will lead us to achieve our goals and help revolutionize the spend management business in the country.”

Zaggle has had a phenomenal growth journey, starting from a gross transaction value (GTV) of just Rs 4 crore in 2012, to a GTV of about Rs 15,000 crore per annum, today in the $1 trillion addressable Indian spend management market. The company provides its customers with a unique expense management system along with employee rewards and recognition program services. Zaggle has been regularly expanding its product line with an aim to expand the spend management business in the country.

About Zaggle

Zaggle is a profitable SaaS FinTech company that is digitizing business spends to drive growth and unlock value through innovative and automated workflows. Zaggle was founded by Raj. N, a serial entrepreneur and an active angel investor with a vision to become a global digital bank. The company began its journey in 2011 with the vision of developing a digital ecosystem that would connect corporations and their users with partner merchants through its innovative FinTech solutions. Since its inception, Zaggle has been working on evolving technologies that have helped the company to develop relevant solutions and platforms that are in raging demand in the contemporary times. Our specialty lies in arraying cutting edge technologies viz., AI (Artificial Intelligence), ML (Machine Learning) and OCR (Optical Character Recognition) which are conducive in facilitating a seamless experience to our users. At present, Zaggle is closely working with IndusInd, RBL, NSDL Payments Bank and YES Bank and RuPay, VISA and MasterCard. 

Currently, Zaggle has 4,500+ clients, 12000+ merchants and over 4.5 million users. The company has offices across 9 cities with 350+ employees and is committed to bringing the best in class user experience to its users.

Zaggle’s Solutions:

•Save: Save is a spend management, employee reimbursements and benefits platform that enables companies and their employees to save by digitising, organising and aggregating their spends. The entire process is digital which facilitates complete transparency in terms of the spend being on the correct category and making the process entirely seamless and enabling users to effortlessly manage their spends. The platform is powered by AI and ML which can easily identify and duplicate bills and helps companies save more annually.

•Propel: Propel is an employee rewards & recognition and channel incentivization solution that enables companies to communicate, engage, motivate and reward its employees and channel partners to drive growth. It helps in solving the intricate issues that involve the management of the complete lifecycle of sales incentives right from the development of schemes until the end-users receive it including analytics and reconciliation. This platform manages all your reward programs from a single integrated platform to increase productivity, greater profitability and reduced attrition.

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