Zaggle to invest in cross-border payments company Unobanc
Unobanc adds to a list of strategic or acquisition deals made by Zaggle in the past years.
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Unobanc adds to a list of strategic or acquisition deals made by Zaggle in the past years.
The company's net profit increased around 58% to Rs 138.8 crore in FY26 from Rs 87.9 crore in FY25.
Zaggle will leverage Rio Money's network of over 3,400 corporate customers to offer the co-branded Yes Bank Rio RuPay Credit Card to over 3.2 million users.
Zaggle said it received the approval from its board to acquire the stake from Effiasoft cofounders Koushik Shee and Akula Krishna Rao.
The net profit reached Rs 18.5 crore during the quarter compared to Rs 7.78 crore reported in Q2 FY24.