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Employees’ expense management company Zaggle is set to acquire fintech startup Rivpe Technology Private Limited, popularly known as Rio.Money, in a cash deal worth Rs 22 crore ($2.5 million).
The proposed acquisition covers 100% equity as well as voting rights, as per regulatory filings.
Rio.Money was incorporated in July 2023 and focuses on UPI payments and consumer credit cards, a segment where Zaggle is looking to deepen its…
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.
Employees’ expense management company Zaggle is set to acquire fintech startup Rivpe Technology Private Limited, popularly known as Rio.Money, in a cash deal worth Rs 22 crore ($2.5 million).
The proposed acquisition covers 100% equity as well as voting rights, as per regulatory filings.
Rio.Money was incorporated in July 2023 and focuses on UPI payments and consumer credit cards, a segment where Zaggle is looking to deepen its…
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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