Perifos Software Solutions has now acquired the intellectual property rights and some other assets of the digital lending solutions provider FinTechLabs Technologies for an undisclosed amount.
FinTechLabs Technologies is engaged in the business of providing digital lending management software to banks, NBFC, financial institutions, and digital lenders in India and overseas.
“We are excited to be part of the Perfios family, we believe that our solutions are complementary in nature and with Perfios being so deeply entrenched in the digital lending space, we expect that the Perfios relationship will provide a strong fillip to our solutions in terms of scale and access to market,” Rawal said in a statement.
“We are always keen to explore opportunities which provide us with new revenue sources, better tech capabilities and strengthen relationships with our clients, and FintechLabs fits very well with us,” Govindarajan said.
