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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…
