Zaggle announces 100% acquisition of fintech startup Rio Money

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Spend management and SaaS led fintech company Zaggle has entered into definitive agreements for the 100% acquisition of Rivpe Technology, a fintech startup specialising in consumer credit cards and UPI based payment solutions.

The first announcement was made in July this year.

Under the proposed transaction, Zaggle will acquire Rio Money’s equity and preference shares for a cash consideration, resulting in the purchase of the company’s entire issued and paid up share capital on a fully diluted basis, subject to the execution of the Share Purchase…



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Zaggle announces 100% acquisition of fintech startup Rio Money


Spend management and SaaS led fintech company Zaggle has entered into definitive agreements for the 100% acquisition of Rivpe Technology, a fintech startup specialising in consumer credit cards and UPI based payment solutions.

The first announcement was made in July this year.

Under the proposed transaction, Zaggle will acquire Rio Money’s equity and preference shares for a cash consideration, resulting in the purchase of the company’s entire issued and paid up share capital on a fully diluted basis, subject to the execution of the Share Purchase…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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