Bengaluru-based Perfios acquires AI-driven debt management platform CreditNirvana

Perfios, a Bengaluru-based fintech SaaS firm, has announced the strategic acquisition of CreditNirvana, an AI-driven debt management and collections platform. 

The firm said the acquisition enhances its capabilities in collections and debt management, strengthening its end-to-end product stack. 

It recently announced the strategic acquisition of Clari5, a category leader in banking financial crime management, expanding their fraud mitigation, risk intelligence, and AML offerings.

What does CreditNirvana do?

Founded in 2019,  CreditNirvana.ai is an AI-driven, end-to-end debt management platform that automates the entire debt collection lifecycle. The company serves banks, NBFCs, FinTechs, and Asset Reconstruction Companies (ARCs). It leverages data-driven automation to optimize recoveries, reduce delinquencies, and enhance operational efficiency while reducing costs.

The platform manages a collection portfolio exceeding $9 billion, handles over 42 million loan accounts, and supports nine types of loan portfolios.

With lenders in India spending more than $7 billion annually on debt recovery and collections, the acquisition enables Perfios to enter a high-growth market with a full-stack, technology-driven approach to financial services.

Leadership comments

Sabyasachi Goswami, CEO, Perfios, said, "We are delighted to welcome CreditNirvana into the Perfios family. 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. This addition reinforces our dedication to innovation and market leadership, further solidifying Perfios as a full-stack, tech-first financial technology provider. We are confident that this move will enable us to deliver greater value and drive the global financial ecosystem forward at scale and speed.”

“Perfios' deep expertise in financial technology and strong commitment to innovation gives us a significant advantage in expanding our reach and advancing our AI capabilities," said Raj MKK, Founder and CEO, CreditNirvana.

"Their market leadership in India, along with their established global presence, provides the scale and technological backing needed to accelerate our growth. 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.”