Zaggle Prepaid Ocean Services Limited IPO

Zaggle Prepaid Ocean Services Limited is a fintech company which has a diverse portfolio of SaaS products and services. The company is leading player in tax and payroll software as well as spend management.

The company is sector-agnostic, and its network of corporate customers covers the banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure and automobile industries, among others. The company has strong relationships with brands such as TATA Steel, Persistent Systems, Vitech, Inox, Pitney Bowes, Wockhardt, MAZDA, PCBL (RP – Sanjiv Goenka Group), Hiranandani group, Cotiviti and Greenply Industries.

The company’s SaaS platform is designed for: (i) business spend management that includes expense management and vendor management; (ii) rewards and incentives management for employees and channel partners; and (iii) gift card management for merchants, which is referred to as customer engagement management system (“CEMS”).

The company’s core product portfolio include:

1. Propel, a corporate SaaS platform for channel rewards and incentives, employee rewards and recognition.
2. Save, a SaaS-based platform and a mobile application to offer expense management solution for business spend management facilitating digitised employee reimbursements and tax benefits;
3. CEMS, a customer engagement management system that enables merchants to manage their customer experiences, including rewarding merchants through gift card and loyalty benefits;
4. Zaggle Payroll Card, a prepaid payroll card that allows customers to pay contractors, consultants, seasonal and temporary employees, and unbanked wage workers as an alternative to direct deposits to bank accounts or cash payments.
5. Zoyer, an integrated data-driven and SaaS-based business spend management platform with embedded automated finance capabilities in core invoice to pay workflows.