Zaggle Prepaid Ocean Services has entered into an agreement with Founderlink Tech

Established in 2011, Zaggle occupies a distinctive position within the FinTech sector, providing a wide array of goods and services. We are a prominent player in the spend management space, having worked with our banking partners to issue over 50 million prepaid cards and provide services to over 2.9 million users. We offer a range of SaaS solutions that support multiple touchpoints, including software for managing payments, expenses, and rewards. In the beginning, we concentrated on serving corporate clients by offering them financial tools like prepaid cards as incentives and rewards. We were able to effectively offer more products thanks to the insights we gained from this initial focus on corporate channel distribution and sales processes. We take great satisfaction in having a varied user base and a unique value offer. Our network of corporate clients is industry-agnostic and includes companies in the banking and finance, manufacturing, FMCG, healthcare, technology, infrastructure, and automotive sectors.

Zaggle strategic alliance with Founderlink Technologies Private Limited:

In accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015, Zaggle Prepaid Ocean Services Ltd. and Founderlink Technologies Private Limited have reached a contract. Founderlink Technologies will provide Zaggle’s corporate clients, suppliers, and channel partners with financial facilities, particularly business loans. The agreement will expire on the date of execution in 12 months. Zaggle Prepaid Ocean Services Ltd. and Founderlink Technologies Private Limited have established a strategic alliance.

Founderlink Technologies will provide business loans to Zaggle’s corporate customers, vendors, and channel partners. The agreement is in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015 and SEBI circular No.SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The agreement has a duration of 12 months from the execution date. There is no related-party transaction involved in this agreement.

The stock of Zaggle Prepaid Ocean Services Ltd. is down marginally today:

The share price of Zaggle Prepaid Ocean Services Ltd. is currently trading at Rs. 431.40, indicating a decrease of over 1% during today’s intraday trading.

Conclusion: Founderlink Technologies Private Limited, in accordance with the strategic partnership, will offer financial facilities, specifically business loans, to Zaggle Corporate customers, their vendors, and channel partners.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.