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FinTech Startup Zaggle chosen to be part of Microsoft’s 100X100X100 Program

FinTech startup Zaggle, one of the leading FinTech companies recently announced there selection to be part of Microsoft’s 100X100X100 program. Accordingly, Microsoft will bring together 100 companies and 100 early and growth-stage start-ups. Each committed company will spend $100,000 over a course of 18 months. This will entail Zaggle to have access to prospective customers at Microsoft industry and customer events and will also get access to Microsoft’s technology platform and guidance in fine tuning their business and expansion models.

Launched under the ‘Microsoft for Startups’ initiative, the 100X100X100 programme will help enterprises fast track their digital transformation through faster adoption of SaaS- based solutions. Microsoft for Start-ups allows early-stage B2B start-ups to leverage Microsoft Azure marketplace, enterprise sales team and rapidly growing partner ecosystem. The initiative has already witnessed participation of more than 50 start-ups.  Zaggle is one of the first 50 Startups to be selected as a part of this program.

The 100X100X100 initiative will help Zaggle to create a profitable domestic market in the fast growing Indian B2B SaaS Startup segment by increasing their revenue and customer base. The programme will be conducted with the support of ecosystem partners and industry associations including the Delhi and Mumbai Chapters of The Indus Entrepreneurs (TiE), Microsoft said.

Avinash Godkhindi, MD and CEO, Zaggle opined, “We look at it as a great opportunity to scale our growth. Working directly with Microsoft on joint selling opportunities will help us to take our products across many geographies. We look forward to great learning and innovation” he added.

Raj N Phani, Founder, Zaggle said, “It’s a great initiative and a true era of partnerships and when large companies create an ecosystem and allow start-ups access to their clients. This association with Microsoft will help us to take our products and solutions to thousands of corporates, thru this partnership we look forward to an exchange of intelligence, technology and disruptive innovations.”

Speaking on this announcement, Anant Maheshwari, President, Microsoft India said, “India has one of the largest B2B SaaS start-up eco-systems in the world and its growing exponentially. This initiative will help build scale and create amazing opportunities for start-ups. We are excited to see the outcomes of these partnerships.”

Zaggle deploys cutting edge technologies like AI (Artificial Intelligence), ML (Machine Learning) and OCR (Optical Character Recognition) in providing seamless experience to businesses and users.

Zaggle is an award-winning FinTech company digitizing spends to unlock value and drive business growth. Zaggle uses Deep Tech and Artificial Intelligence to provide platform solutions to businesses for expense management & employee reimbursements as well as for rewards & recognition. Additionally, Zaggle is working with a number of banks, other Fintech companies and networks to build a state of the art open banking platform for small & medium size businesses (SMBs).

Zaggle works currently with three banks RBL Bank, IndusInd and YES Bank and works closely with VISA, RuPay and MasterCard Networks to craft these solutions and to constantly innovate to bring value to its users.

The company was founded in 2011 by Raj N Phani,  who as a founder of the brand merchandising and corporate gifting company eYantra,  realized that customers were looking for choice and flexibility. When corporates started approaching him for a solution, he decided to tackle it with a platform on which the merchants, corporates and consumers could seamlessly interact – and this is how Zaggle was born.

Zaggle today has over 200+ employees, a presence in 10+ cities, 2500+ Clients, 8,500 merchants, and 3.5 million users. The Zaggle platform connects its customers through Expense Management & Employee Reimbursements and Employee Rewards & Recognition.

Zaggle’s ( platform solutions include:

  • Zaggle Propel: An easy to use system to manage all your reward programs from a single integrated platform to increase productivity, greater profitability and reduced attrition.
  • Zaggle Save: An all in one business expense management and employee reimbursements platform that helps businesses unlock value and helps their employees save taxes and manage their expenses better.

Over the years, Zaggle has received several recognitions. Some of these include the following.

  • Best Prepaid Card of the Year at the Payments and Cards Summit, 2019
  • Best B2B Enterprise for Zaggle SAVE at the HYSEA Innovation Summit, 2019
  • Best IT Company at the HMTV Business Excellence Awards, 2019
  • Best Prepaid Card Solution at the IAMAI Indian Digital Forum, Jan 2019
  • Best Growth Strategy Award at the Ascent Awards, 2017
  • Best Service Provider at the Bayer Awards, 2016

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