Bangalore-based B2B SaaS company Perfios has acquired CreditNirvana, an AI-driven debt management firm. Neither party has disclosed the sum for which the acquisition was finalized.
CreditNirvana is the second company that Perfios has acquired in the last two months. On February 5, 2025, Perfios finalized its acquisition of Clari5, a banking financial crime management company. Both moves have been made to bolster the financial side of Perfios’ operations.
A digital-first debt management system, CreditNirvana manages a portfolio of over $9 billion, which includes 42 million loan accounts. Founded in 2019, the company presently supports nine types of loan portfolios.
“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,” Sabyasachi Goswami, the CEO of Perfios, commented on the recent acquisition.
“This partnership enables us to enter new markets, offer more sophisticated AI-driven solutions, and set new benchmarks in data-driven debt management and recovery,” CreditNirvana’s CEO Raj MKK added.
Despite the focus on Artificial Intelligence (AI) in the operations of CreditNirvana and Clari5, Goswami has stated that AI was not the only factor considered for these deals. CreditNirvana’s acquisition has highlighted Perfios’ desire to expand its financial capabilities and provide its customers with a comprehensive experience.
