India, July 21 -- Fintech SaaS company Zaggle Prepaid Ocean Services plans to invest up to Rs.7.97 Cr in Unobanc Pvt Ltd, which provides technology infrastructure for digital cross-border payments and remittances in India.

The investment, which will be made in one or more tranches through a cash consideration, is expected to be completed within 90 days, subject to the execution of definitive agreements, the company said in an exchange filing.

Founded in 2019, Unobanc is a wholly owned subsidiary of Hop Financial Solutions. The company holds a fully fledged money changer licence and has received in-principle approval from the RBI for an authorised dealer Category-II licence, enabling it to offer fully digital cross-border payments, remit...