Zaggle Prepaid Ocean Services is set to acquire a 20% stake in Unobanc Pvt Ltd, a fintech company specializing in digital cross-border payment infrastructure, targeting growth in international payment services for corporate and retail clients.
- Zaggle to invest ₹7.97 Cr for 20% equity in Unobanc
- Unobanc holds RBI approval for digital forex and remittances
- Zaggle projects 25%-40% revenue growth in FY27
What happened
Zaggle Prepaid Ocean Services announced plans to acquire a 20% stake in Unobanc Pvt Ltd through an investment of up to ₹7.97 crore. The transaction will take place over one or more tranches via cash consideration and is expected to conclude within 90 days, pending regulatory agreements. Unobanc operates as a fintech service provider focused on digital cross-border payments and remittances in India.
Why it matters
This investment strengthens Zaggle’s position in the fintech landscape by enabling it to expand its offerings in foreign exchange and cross-border payment services, which are vital in today’s growing global financial ecosystem. Both corporate and retail customers are likely to benefit from more seamless, technology-driven forex and remittance options as a result.
The move follows Zaggle’s strong financial performance, with consolidated net profit growing over 30% year-on-year to ₹40.6 crore in Q4 FY26 and revenues climbing nearly 50% during the same period. The company's ambitious projections for standalone revenue growth of 25%-30% and consolidated revenue growth of roughly 40% in FY27 indicate a robust outlook fueled in part by strategic investments such as this.
What to watch next
Market participants and fintech observers should monitor the completion of this deal and how the integration of Unobanc's technology infrastructure with Zaggle’s products impacts service capabilities and customer acquisition. The actual rollout of enhanced cross-border and forex products will be a key indicator of success.
Additionally, Zaggle’s upcoming financial disclosures and market reactions will provide insight into how the company’s growth forecasts are being realized post-investment. Attention should also be paid to evolving regulatory developments in India that could influence foreign exchange and remittance services.