Zaggle Invests Up to ₹7.97 Cr for 19.9% Stake in Unobanc

Zaggle Prepaid Ocean Services Limited announced its Board of Directors has approved an investment of up to ₹7.97 Crores in Unobanc Private Limited. This investment, to be made in one or more tranches, will result in Zaggle holding up to 19.9% of Unobanc's equity share capital upon completion. Unobanc, a subsidiary of Hop Financial Solutions, specializes in tech infrastructure for digital cross-border payments and remittances, holding an FFMC license and in-principal approval for an Authorised Dealer Category II license. The investment aims to strengthen Zaggle's cross-border payment capabilities and expand its forex financial solutions for corporate and retail customers. The acquisition is expected to be completed within 90 days and is a cash consideration.