Software-as-a-service (SaaS) company Perfios said Tuesday it has acquired debt management and collections platform CreditNirvana, as it seeks to bolster capabilities in collections and debt management.
It didn’t disclose the financial terms of the transaction.
The development comes less than a month after the Bengaluru-based company acquired fraud detection platform Clari5 for an undisclosed amount.
The acquisition of CreditNirvana will help Perfios tap into a high-growth market with its full-stack, technology-based approach to debt recovery and collection, where lenders spend billions of dollars every year, the company said in a statement.
“This acquisition is a strategic step in expanding…
