India-based company Zaggle has partnered with Visa to support different payments solutions to improve overall productivity and efficiency for local startups and SMEs.
Businesses can use Zaggle’s applications for automating routine business processes and cut operational costs. Startups and SMES will also be able to leverage credit solutions offered via a card.
The firm aims to help businesses impacted due to the Covid-19 pandemic. It will launch the Founders Card, a credit card targeting founders and CEOs of startups and SMEs. The card is set to be available within the coming 45-60 days.
Commenting on the Visa alliance, Zaggle founder Raj Phani said: “This partnership will help us expand our services and client base who need to improve automation and digitize spends to bring in more transparency.
“In addition to this, our collaboration focuses on improving the working capital management of SMEs who are in dire need of a payment instrument that will help them optimize and improve cash flows for all their business expenses.”
As part of the alliance, the fintech will leverage Visa’s payments expertise to co-develop and build new solutions for SMEs.
Visa India & South Asia head of products Arvind Ronta said: “SMEs remain the backbone of our economy. Now more than ever before, it has become more important for SMEs to assess how to best digitize their businesses.”
Zaggle recently launched its free SAVE do-it-yourself (DIY) artificial intelligence (AI)-backed expense management solution for SMEs, along with other API banking products.