In a strategic move aimed at deepening its footprint in the BFSI sector, B2B SaaS fintech firm Perfios has acquired healthcare data exchange platform IHX. This marks the third acquisition in three months for the Bengaluru-based company, as it continues to diversify its capabilities and broaden its tech stack.
The acquisition allows Perfios to step into the health insurance claims ecosystem, an increasingly critical segment in India’s growing digital healthcare infrastructure. IHX, co-founded in 2020 by Mayank Tiwari, Ajay Bakshi, Sanjay Kalra, Ambuj Kashyap, and Mahesh Nagaraj, acts as a healthcare information exchange platform, facilitating seamless data flow between hospitals, insurers, and diagnostic labs.
IHX has raised approximately $2.58 million to date from investors including LogX Venture Partners and Quik Solutions. Despite the acquisition, IHX will continue to operate independently under its existing leadership and brand—a model Perfios has followed with previous acquisitions.
By integrating its data intelligence and analytics tools with IHX’s platform, Perfios aims to streamline claims processing, enhance operational transparency, and enable real-time decision-making for healthcare providers and insurers. IHX’s reach—covering over 30,000 hospitals in 1,200 cities and working with 30 insurance companies—positions it as a key player in the space, already processing more than 10 million transactions annually, representing $1 billion in claims.
This move follows Perfios’ earlier acquisitions of Karza Technologies, FintechLabs Technologies, Fego.ai, Clari5, and CreditNirvana, the latter two completed in 2025. The company now operates in 18 countries and has seen significant financial growth, with FY24 revenue rising 37% year-on-year to Rs 558 crore.
Perfios’ latest acquisition reflects a broader trend of convergence between fintech and healthtech, signaling the next phase of digital transformation in India’s insurance landscape.
