New Delhi, March 11 -- Fintech startup Perfios, which provides financial data analysis software, said on Monday it has acquired artificial intelligence (AI)-based debt collection company CreditNirvana for an undisclosed sum.

This is the Bengaluru-based company's second acquisition in just over a month, after it purchased financial crime management firm Clari5 in February to bolster its fraud detection capabilities.

"This acquisition is a natural extension of our strategy, and it helps strengthen us from a full-stack tech-first solution perspective," Perfios chief executive officer (CEO) Sabyasachi Goswami told Mint.

CreditNirvana uses AI to predict and pre-empt delinquencies while simultaneously automating the entire debt collections l...