Zaggle Prepaid Ocean Services to Acquire Rivpe Technology in Fintech Expansion

Zaggle Prepaid Ocean Services Ltd has cleared the purchase of Rivpe Technology Pvt Ltd for up to ₹22 crore.  

The agreement covers 81,429 equity shares and 16,407 compulsorily convertible preference shares, which together make up 100% of Rivpe’s fully diluted shareholding.  

Once the share purchase agreement is completed, Rivpe will become a wholly owned subsidiary. Zaggle has set a window of 120 days to close the deal. 

Board Resolutions 

The approvals were given at the company’s board meeting on December 4, 2025. Alongside the acquisition cost, the board has sanctioned an additional investment of up to ₹75 crore in Rivpe.  

The capital will be provided in stages, depending on operational requirements. Zaggle stated that the transaction is not categorised as a related-party deal and does not need regulatory clearances. 

Purpose of the Deal 

Zaggle intends to broaden its role in digital financial services by adding Rivpe’s capabilities. Rivpe works in UPI payment systems and co-branded consumer credit cards, both areas that Zaggle plans to build further. These additions are expected to extend the product choices available to its existing enterprise users, particularly in payment and credit-linked services. 

About Rivpe Technology 

Rivpe was set up in July 2023 and operates only in India. The company focuses on digital payments, credit-linked financial products, and co-branded card offerings.  

For FY25, Rivpe reported revenue of ₹0.98 crore. The acquisition gives Zaggle access to a young fintech platform that is still in the early stages of scaling. 

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Zaggle Prepaid Ocean Services Share Price Performance  

As of December 05, 2025, 10:16 am, Zaggle Prepaid Ocean Services share price were trading at ₹360.50, a 1.53% decrease from the previous closing price. 

Conclusion 

By acquiring Rivpe and committing additional investment, Zaggle is adding a new payments and credit-focused business to its portfolio. The integration process will begin after the completion of the share purchase formalities. 

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