Shares of Zaggle Prepaid Ocean Services Ltd were trading in the green and 1% higher on 4 July after the company announced that it has signed an agreement with Apollo Health and Lifestyle Limited and its subsidiaries for employee spending management.

The fintech and solutions firm said that it would offer employee spending management and benefits propositions to Apollo Health and Lifestyle Limited and its subsidiaries, Zaggle Zoyer and Zaggle Save.

The agreement is anticipated to be for a period of three years.

Last month, the Hyderabad-based fintech company said it expects to generate ₹55-60 crore in income over the coming year from Greenedge Enterprises, one of its latest acquisitions.

The company purchased Greenedge for approximately ₹27 crore and Dice Enterprises for ₹123 crore.

Zaggle’s long-term objective is to become a billion-dollar revenue corporation within the next five to seven years. The Dice acquisition is expected to boost the start of its foreign operations, which were originally planned for FY26 but may potentially be hastened. With this, the company hopes to grow its client base in global markets.

However, Zaggle Prepaid shares were trading in the red at Rs 417.15 per share at 12.50 9m on NSE. 

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