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Finshots Daily

The Zaggle IPO — a unique fintech + SaaS?

Sep 16, 2023
07:51
Snipd AI
Today's episode explores the IPO of Zaggle, a fintech + SaaS company simplifying payments. Zaggle's evolution includes a multi-wallet card and digitizing expense management. We discuss the rise of expense management companies and the potential risks of Zaggle's IPO.
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Podcast summary created with Snipd AI

Quick takeaways

  • Zaggle's diversification as a FinTech plus SaaS company has positioned them as a leader in the expense management software market.
  • Zaggle aims to acquire and retain customers through their IPO proceeds, despite facing risks such as increased borrowings and expenses.

Deep dives

Zagil's Evolution and Diversification

Back in 2011, Zagil introduced prepaid payment instruments (PPIs) in the form of digital wallet-like cards to simplify the rewards and recognition (R&R) market. Later, they partnered with Visa to launch a multi-wallet card for tax-free expenses like meal vouchers and transport. Zagil further expanded its business by creating software to digitize expense management, helping companies track and manage expenses on a single dashboard. This diversification has positioned Zagil as a FinTech plus SaaS company.

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