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2024 BW Festival of Fintech Leader of the Year Award

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At the BW Festival of Fintech Conclave & Awards 2024, Raj N., the founder and executive chairman of Zaggle Prepaid Ocean Services, was presented with the esteemed “Fintech Leader of the Year” award.

Fintech Leader of the Year Award, BW Festival 2024 the wallet age
Raj N., Founder | Executive Chairman | Zaggle Prepaid Ocean Services Limited

This award honours his outstanding leadership, creative thinking, and noteworthy achievements to the fintech sector.

Raj, a seasoned businessman, is renowned for his foresight and commitment to ongoing innovation and development. His approach is centred on fostering an environment of innovation, trial and error, and education within the company.

This promotes sustained growth and guarantees the generation of fresh concepts and solutions. “Continuous innovation and improvement are crucial for staying ahead of the curve and achieving sustainable growth,” stated Raj N.

Collaboration and integration amongst many departments and corporate processes are essential components of his strategy. Through strong collaboration with cross-functional teams comprising technology, marketing, finance, and legal, he facilitated coordination and alignment in the execution of numerous business projects. This cooperative approach has reduced effort duplication, expedited the time-to-market for new fintech products and services, and optimised processes.

Raj emphasises the value of having an agile strategy, keeping a close eye on the market, getting input, and being ready to change course as needed. “Strategy is a dynamic process that evolves to meet new challenges and opportunities,” he continued.

Numerous important projects have been implemented effectively under his capable direction, producing outstanding outcomes. For example, the launch of new product lines like Zaggle Zoyer increased overall income by 32%. He played a key role in the formation of strategic alliances with prominent players in the market, including RazorpayX and several banks, which increased market penetration by 25% and partnership projects’ income by 20%.

Under his direction, Zaggle showed amazing accomplishments and was listed on the BSE and NSE in September 2023. It has been profitable for the last 17 quarters, making it one of the few profitable fintech companies. Zaggle’s net profit increased 1.5 times to ₹19 crore in Q4 FY24. In the past year, the organisation has also signed over 650 collaborations.

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