Enterprise fintech firm Perfios has acquired IHX, a digital health data exchange firm, as it aims to revolutionize health claims sector.

IHX, which has raised $2.58 million from LogX Venture Partners and Quik Solutions, becomes Perfios’ third acquisition in the last quarter. 

The acquisition of IHX follows Perfios’ recent strategic acquisitions of two companies, Clari5 and CreditNirvana, expanding their offerings in banking financial crime management, as well as in collections and debt management space respectively.

Founded in 2020 by Mayank Tiwari and Ajay Bakshi, IHX connects stakeholders across the healthcare ecosystem. Its platform streamlines claims management, consent handling, and data-driven insights powered by AI/ML technologies.

IHX currently processes over 40% of all cashless health insurance claims in India, with over 10 million transactions annually, representing $1 billion in claims. The platform is integrated with 30,000 hospitals across 1,200 locations and works with more than 30 insurers.

Sabyasachi Goswami, CEO, Perfios, said, "The acquisition of IHX is a strategic leap in our mission to transform the healthcare claims landscape. By combining IHX’s stronghold in the healthcare ecosystem with Perfios’ deep expertise in data intelligence and analytics, we are poised to drive greater efficiency, reduce claims turnaround time, and elevate the experience for both patients and healthcare providers."

As part of the acquisition, IHX will operate independently with its own brand and leadership.

During FY24, Perfios posted Rs 558 crore in revenues, compared to Rs 407 crore reported in the previous fiscal year.