Zaggle Prepaid Ocean Services Limited has officially announced the execution of a formal business agreement with Bandhan AMC Limited to deploy its specialized spend management solution, the Zaggle Zoyer platform. The collaboration aims to streamline and digitize expense workflows for the asset management company under an open-ended framework.

The partnership operates under a usage-based financial model where software-as-a-service (SaaS) fees are determined by the volume of active monthly users, while corresponding program fees depend on actual transaction spends. Because the transaction values vary dynamically based on platform usage, the exact cumulative monetary value of the contract remains unspecified at this initial stage. The arrangement is classified as a domestic transaction with no related-party interests or promoter involvement from either corporate entity.

Zaggle Prepaid Ocean Services Limited is a prominent Indian fintech player specializing in SaaS-based corporate spend management, employee benefits, and prepaid card solutions. During 2025, the company expanded its enterprise footprint significantly by signing multiple institutional clients and scaling its SaaS platforms, backed by strong financial recoveries and positive brokerage outlooks. The firm continues to strengthen its core product offerings to capture the rising demand for automated financial workflows across regulated banking and financial sectors in India.

For the quarter ending in 2025, Zaggle registered robust financial performance, highlighted by a substantial year-on-year surge in net profit and operating revenues driven by expanding platform adoption. Prominent ace investor Ashish Kacholia holds a notable stake in the company, maintaining investor confidence as the fintech firm scales its high-margin SaaS revenues and deepens penetration into corporate and institutional markets.