Press Release

Leading FinTech firm Zaggle appoints Siva Kumar as New CTO

Leading FinTech startup Zaggle has recently announced the appointment of Siva Kumar as their new Chief Technology Officer. Siva Kumar will be based out of Hyderabad and will head the Technology reporting directly to Founder, Raj. N. Phani.

Kumar comes from the top-notch educational institutes from India. He is an engineer from Thiagarajar College of Engineering, Madurai and has finished his Executive Program in Business Management from Indian Institute of Management, Calcutta.

With an experience of 23+ years in engineering management and software development, Kumar is a passionate senior technologist and engineering leader.

“We are certain that Siva Kumar with his diverse knowledge and expertise would benefit the organisation and will not only add to the growth of the company, but would bring in newer technological innovation at a product level. Given the current scenario and growth in the digital payments space, his appointment comes at the right time and we are confident that he would prove to be a great asset as he builds a strong momentum in the working of the organisation,” comments Raj. N. Phani, Founder, Zaggle.

Avinash Godkhindi, MD and CEO, Zaggle said, “He is experienced in highly scalable and distributed across architecture, analysis, design, development and managing software projects predominantly in internet and mobile technologies. We wish him the very best for his new journey with us.”

“I have worked with startups previously and each has a different experience. I am excited to take on this new responsibility as CTO and look forward to the challenges and opportunities Zaggle has to offer. Moreover the company has an experienced senior management team and I’m excited to work closely with them.” says Siva Kumar.

 In his previous role, he was heading the technology as Group CTO for People Combine group which runs various school brands including Oakridge International Schools. Prior to that, he was associated with brands like University (an EdTech startup), Ibibo (eCommerce startup), Quark (desktop publishing software) etc. He was instrumental in building various products from scratch at Ibibo. Goibibo and PayU are some of the products he helped building from scratch which have become billion-dollar companies.

 In his ‘me time’, Kumar loves reading books, watching movies and listening to Tamil songs. He is also a sports lover and indulges in playing badminton, tennis and also follows cricket avidly. He is passionate about Yoga and loves to talk and preach about it to the interested audiences.

About Zaggle

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, a serial entrepreneur and seed investor. The word ‘Zaggle’ stands as an antidote to ‘Haggle’. As a founder of the brand merchandising and corporate gifting company eYantra, Raj 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

Leave a Response