Press Release

SaaS FinTech Zaggle bags ‘The Next 100 Global Awards 2022 – Spend Management Solutions’

Zaggle, a profitable SaaS FinTech company and a pioneer in digitizing business spends, has been awarded with ‘The Next 100 Global Awards 2022 – Spend Management Solutions’ for their product ‘Zoyer’. Infosys, Finacle, Banco Santander (Chile), Maveric Systems, Union Bank of the Philippines were few of the other corporates recognized at these awards.


‘Zoyer’ is a cloud-native platform, available on a SaaS model and automates complete accounts payable lifecycle of a corporate. Zoyer unites accounts payable and credit card payments onto a single platform to enable enterprises streamline business to business payables for effectively managing operating cash flows and maximizing business performance.


The Global Banking and Finance Awards recognize organisations across the banking and FinTech industry. The awards felicitate companies at the forefront whose strategy, achievements, dedication, and leadership demonstrate outstanding achievement and are committed to delivering the products as per clients needs, acting as a catalyst for the industry. Since 2011, these awards have been reflecting the progressive and inspirational changes taking place within the global financial community.


Raj N, Founder and Chairman, Zaggle said, “It is a proud moment for all of us at Zaggle to have been recognized by the Global Banking and Finance Awards. With innovation at the crux, we work hard to provide organisations with new and innovative solutions to maximise organisation efficiency and employee productivity. ‘Zoyer’ a cloud native platform is available on a SaaS model and it simplifies, automates B2B payments for enterprises and SMEs thereby helping in efficiently managing cash flows. This award acknowledges Zaggle’s progress and motivates us to push the envelope and further disrupt the Spend management sector which presents a huge opportunity in itself.”


Avinash Godkhindi, MD & CEO, Zaggle said, “We are honoured to be recognised at the Global Banking and Finance Awards. At Zaggle, our aim has been to develop cutting-edge solutions that will automate processes and empower companies to boost its productivity, efficiency, and transparency. Some of the biggest corporations and SMEs in India currently use Zaggle’s multi-product suite to enhance organisation efficiency, maximise employee productivity and channel incentives. This award is a testament to Zaggle’s innovation and contributions to the SaaS FinTech sector.”


Zaggle has had a phenomenal growth journey in the $1 trillion addressable Indian spend management market. The company provides its customers with a unique expense management system along with employee rewards and recognition program services. Zaggle has been consistently expanding its product line with an aim to tap into the spend management space in the country.


About Zaggle


Zaggle is a profitable SaaS FinTech company that is digitizing business spends to drive growth and unlock value through innovative and automated workflows. Zaggle was founded by Raj N., a serial entrepreneur, and an active angel investor. The company began its journey in 2011 with the vision of developing a digital ecosystem that would connect corporates and SMBs with their users, partners, merchants and other intermediaries through its innovative FinTech solutions on a SaaS platform. Since inception, Zaggle has continuously evolved to develop new products and solutions in similar spaces. Zaggle’s specialty lies in arraying cutting edge technologies viz., AI (Artificial Intelligence), ML (Machine Learning) and OCR (Optical Character Recognition) which are conducive in facilitating a seamless experience to our users. At present, Zaggle is closely working with IndusInd, RBL, NSDL Payments Bank and YES Bank and RuPay, VISA and MasterCard.


Currently, Zaggle has 1,750+ active clients, 12000+ merchants and over 1.7 million+ active users. The company has offices across 7 cities with 250+ employees and is committed to bringing the best-in-class user experience to its users.


Zaggle’s Products:

Save: Save is an all-in-one expense management and employee benefits platform that enables companies and their employees to save by digitising, organising and aggregating spends, thereby saving time and money. Employees can simply upload and approve expenses, save tax with flexible employee benefit plans with a single card that can replace food coupons, food card, fuel card, travel vouchers, and gift card. Employers can add tax-free benefits electronically to the card and help their workforce save tax without any hassle. The platform is powered by AI and ML which can easily identify and duplicate bills and helps companies save more annually.


Propel: Propel is an employee rewards & recognition and channel incentivization solution that enables companies to communicate, engage, motivate and reward its employees and channel partners to drive growth. It helps in solving the intricate issues that involve the management of the complete lifecycle of sales incentives right from the development of schemes until the end-users receive it including analytics and reconciliation. This platform manages all your reward programs from a single integrated platform to increase productivity, greater profitability and reduced attrition.


Zoyer: Zoyer is an accounts payable and payments automation platform that helps organizations evolve accounts payable into a strategic, data-led, function. By embedding automation and intelligence into core invoice to pay process workflows, the platform empowers finance leaders with a single line of sight to improve efficiency of enterprise-wide spend decisioning to maximize the value of every dollar spent and optimise outgoing cash flows.

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