CustomerXPs Expands Its Reach with BFSI Platform Consolidation
Deal News | Mar 20, 2025 | Oaklins Cavendish
CustomerXPs, known for its anti-financial crime solutions under the brand Clari5, is consolidating with a larger diversified Banking, Financial Services, and Insurance (BFSI) platform. Based in Bengaluru, India, CustomerXPs provides both enterprise and SaaS solutions aimed at combating financial crime. The strategic move is supported by Oaklins Cavendish, a leading M&A advisor, which highlights the global demand for advanced financial crime prevention tools. This consolidation is expected to enhance the capabilities of the larger BFSI platform, leveraging CustomerXPs' cutting-edge technologies for broader application across the industry.
Sectors
- Financial Technology
- Banking and Financial Services
Geography
- India – CustomerXPs is based in Bengaluru, India, and it's a key entity in the deal described.
Industry
- Financial Technology – The article discusses the consolidation of a company known for its financial crime prevention technology solutions.
- Banking and Financial Services – The consolidation involves a larger diversified BFSI platform indicating involvement with the banking and financial services industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CustomerXPs (Clari5) | Target Company | Company | An anti-financial crime platform offering enterprise and SaaS solutions, based in Bengaluru, India. |
| Oaklins Cavendish | Advisor | Company | An M&A advisory firm involved in supporting the consolidation deal. |