Perfios, a B2B SaaS fintech, has acquired IHX, a healthcare information exchange platform. The acquisition combines Perfios’ robust health data insights with IHX’s extensive ecosystem reach and is aimed to revolutionise the claims landscape in the health insurance sector.
Founded in 2020 by Mayank Tiwari, Ajay Bakshi, Sanjay Kalra, Ambuj Kashyap and Mahesh Nagaraj, IHX connects healthcare providers, payers to enable real-time, digital-first claims processing across the ecosystem.
IHX claims to currently process 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 leading payers, making it a critical infrastructure layer in India’s $14 billion health insurance market.
Sabyasachi Goswami, CEO, Perfios, said, “The acquisition of IHX is a strategic leap in our mission to transform the healthcare claims landscape. IHX has long served as the backbone of India’s health claims ecosystem, and we are excited to welcome the IHX team into the Perfios family. 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.”
Mahesh Nagaraj, MD, IHX, said, “Joining forces with Perfios marks an exciting new chapter for IHX. The combination of Perfios’ cutting-edge technology stack, advanced decision analytics, and global scale with IHX’s deep domain expertise, unique data exchange platform and trusted network across hospitals and payers sets the stage for our accelerated growth and expanded impact. This partnership enhances the value we bring to our clients, unlocks new opportunities for our team, and deepens our commitment to innovation, transparency, and excellence in health claims management.”
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 2008, Perfios is a global B2B SaaS company serving the Banking, Financial Services and Insurance industry in 18 countries, empowering 1000+ financial institutions.
Perfios delivers 8.2 billion data points to banks and financial institutions every year to facilitate faster decisions and significantly accelerates access to credit and financial services for their clients’ customers. Headquartered in Bangalore, with offices worldwide and with 75+ products and platforms, and over 500+ APIs, in Perfios, their clients have a confident and robust start-to-end tech platform.
