Perfios Acquires CreditNirvana: A Leap Forward in Debt Management

In a significant move to bolster its financial technology offerings, Perfios, a leading B2B SaaS fintech company, has announced the acquisition of CreditNirvana, an innovative AI-driven debt management and collections platform. This strategic acquisition is set to enhance Perfios' capabilities in collections and debt management, marking a significant step forward in the company's mission to provide a comprehensive, technology-first approach to financial services.

CreditNirvana's cutting-edge use of AI and predictive analytics automates the entire collections lifecycle, from early-stage delinquency management to legal recoveries. With the Indian lending market spending over $7 billion annually on debt recovery and collections, Perfios is poised to tap into this lucrative market with its enhanced, full-stack solutions.

"This acquisition is a strategic step in expanding our product suite and strengthening our capabilities in debt management and collections. By integrating CreditNirvana’s AI-driven capabilities with our existing solutions, we aim to unlock new efficiencies," said Sabyasachi Goswami, CEO at Perfios. This move follows Perfios' recent acquisition of Clari5, further expanding its offerings in fraud mitigation, risk intelligence, and AML.