Perfios acquires fraud detection platform Clari5
12 Feb 2025, 07:32 PMWith this acquisition, Clari5 will become a wholly owned subsidiary of Perfios; and will continue to operate independently.
Team Head&Tale
Share the story on
SaaS-based fintech firm Perfios has acquired Clari5, a fraud and risk management platform developed by Bengaluru-based CustomerXPs. The financial terms of the deal has not been disclosed yet.
With this acquisition, Clari5 will become a wholly owned subsidiary of Perfios; and will continue to operate independently. Perfios currently has around 1,500 employees.
Founded in 2006, Clari5 offers a suite of solutions for fraud mitigation, risk management and anti-money laundering (AML), helping banks detect, investigate and prevent financial fraud.
Clari5 -- which has raised around $3.9 million in equity funding till date -- reported a net profit of Rs 3.4 crore with a revenue of Rs 76.5 crore during FY24.
Perfios helps financial institutions with revenue analysis, fraud detection, verification, and automated customer onboarding. It serves sectors like consumer lending, SME lending, and wealth management. The company operates in 18 countries and supports over 1,200 institutions.
Perfios, which also holds an account aggregator licence, posted Rs 558 crore in operating revenues in FY2024, as compared to Rs 407 crore reported a year ago. The net profit stood at Rs 71.7 crore, up from Rs 7.79 crore in FY23.
In March 2024, Perfios -- achieved an unicorn status -- after raising $80 million in funding from Teachers’ Venture Growth (TVG), a late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan. It raised $229 million in a Series D funding led by private equity investor Kedaara Capital in September 2023.
Recently, Perfios announced the appointment of former Infosys executive Rajesh Kini as the firm’s chief financial officer (CFO).
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
