Next gen anti-financial crime platform consolidates with larger diversified BFSI platform
Deal Flash
CustomerXPs (Clari5), an anti-financial crime platform based in Bengaluru, India, that offers both enterprise and SaaS solutions to banks and fintechs, has entered into a strategic partnership with Perfios Software Solutions, an India-based international B2B SaaS company.
Trusted by leading banks worldwide, Clari5 is a category leader in fraud mitigation, risk management and anti-money laundering (AML) solutions. It processes over 10 billion transactions monthly, manages more than one billion accounts and serves customers in over 15 countries. Clari5 currently employs over 200 people and is a one-stop shop for financial fraud and risk management.
We first met Oaklins’ team in India during Ganesh Chaturthi, and true to the spirit of Lord Ganesha — the remover of obstacles — they demonstrated their expertise in handling complex, high-stakes deals. Their ability to apply a non-cookie-cutter approach and navigate intricate transactions with precision truly sets them apart as industry-leading dealmakers.RIVI VARGHESE, FOUNDER AND CEO, CUSTOMERXPS SOFTWARE, INDIA
Oaklins' role in facilitating the deal was vital to its success
Oaklins’ team in India led the transaction from the initial approach to the completion of the conditions precedent. Acting as the exclusive financial advisor to CustomerXPs, the team helped ensure a seamless transaction and a successful exit for existing shareholders. They positioned CustomerXPs as a high-value asset in the financial crime risk management space, highlighting its advanced fraud detection capabilities and strong market presence. The team structured the deal to maximize value for stakeholders while aligning with the long-term growth strategy of Perfios.
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