Karza Technologies
Karza Technologies is a Mumbai-based B2B fintech SaaS company providing data, analytics, automation, and decisioning solutions — covering loan onboarding, credit underwriting, and fraud detection — to Indian financial institutions. It was acquired by Perfios in January 2025.
- Company typePrivate
- Founded2015
- HeadquartersMumbai, India
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Karza Technologies does
Karza Technologies is a Mumbai-based B2B fintech SaaS company founded in 2015 that provides data, analytics, automation, and decisioning solutions to financial institutions in India. The company positioned itself as the largest such provider to Indian FIs, with products focused on automating loan onboarding, credit underwriting, and fraud detection — core workflows in banking and lending operations. Its offering spanned banking and financial intelligence solutions, enabling clients to streamline KYC, risk assessment, and decisioning processes.
The company was co-founded by Omkar Shirhatti (CEO), Alok Kumar (CTO), and Gaurav Samdaria (Director), with a leadership bench including a technical lead and head of product and strategy. Karza operated with 101–250 employees, consistent with a mid-stage Indian enterprise SaaS business, and disclosed three small equity funding rounds between 2017 and 2019 totaling under $1.2 million from investors including Artha Group, Dreamweaver Investments, Singapore Angel Network, Eaglewings Ventures, and EVAN. No public pricing model or revenue figures were disclosed.
In January 2025, Karza was acquired by Bengaluru-based Perfios Software Solutions — a B2B fintech SaaS unicorn backed by Warburg Pincus and Bessemer Venture Partners — for approximately INR 600 crore (~$70 million). Perfios funded the transaction in part with an approximately INR 520 crore raise from its existing investors. Post-acquisition, Karza's brand was consolidated under Perfios, with the combined entity targeting credit decisioning, onboarding automation, and fraud prevention capabilities distributed across banking, payments, legal, and insurance verticals.
Karza Technologies firmographics
Firmographics- Name
- Karza Technologies
- Website
- https://karza.in
- Company type
- Private
- Founded year
- 2015
- Operating status
- Acquired
- Headcount range
- 101–250 employees
- Short description
- Karza Technologies is a Mumbai-based B2B fintech SaaS company providing data, analytics, automation, and decisioning solutions — covering loan onboarding, credit underwriting, and fraud detection — to Indian financial institutions. It was acquired by Perfios in January 2025.
- Ownership category
- akta.pro rank
Karza Technologies industry classification
Industry- Product category
- Fintech Data & Decisioning Software
- NAICS
- Activities Related to Credit Intermediation (5223)
- akta.pro primary industry
- KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening) (FSAGAFAB)
- akta.pro secondary industry
- Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking) (FSAGAHAC)
Keywords
Where Karza Technologies is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Karza Technologies business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Karza Technologies product offering
Product offeringCore offering
Karza Technologies provides data, analytics, automation, and decisioning solutions that enable financial institutions to automate loan onboarding, credit underwriting, and fraud detection. Its banking and financial intelligence platform aggregates data and applies analytics to support credit, risk, and compliance workflows for banks, NBFCs, fintechs, payment firms, and other regulated entities.
Differentiator
Problem solved
Functional benefit
Products and services
- Banking and Financial Intelligence Solutions
Companies that use Karza Technologies
Customer profileIdeal customer profiles1 record
Karza Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Karza Technologies partnerships and signals
Strategic signalScale indicators1 record
Recent moves6 records
Expansion highlights5 records
Karza Technologies competitors and assessment
Company assessmentDirect peers
- Signzy: Signzy is an Indian AI-based digital onboarding and KYC/AML platform serving banks, NBFCs, and fintechs. It directly competes with Karza's onboarding automation and fraud-prevention capabilities for the same Indian FI customer base.
- IDfy: IDfy provides identity verification, KYC, background checks, and fraud-risk APIs to Indian financial institutions and enterprises. It overlaps directly with Karza's onboarding and fraud-detection modules.
- Setu: Setu (a Bridgei2i Lending/Account Aggregator platform) offers APIs for KYC, account aggregation, and lending workflows in India. It competes with Karza across onboarding automation and data connectivity for lenders.
- CreditMantri: CreditMantri is an Indian credit-analytics and credit-improvement platform serving lenders and consumers. It competes with Karza in the credit-underwriting and decisioning layer for Indian FIs.
- HyperVerge: HyperVerge provides AI-based KYC, identity verification, and onboarding APIs, with strong India FI penetration. Its onboarding and fraud workflows are directly comparable to Karza's product suite.
Broad incumbents
- Perfios Software Solutions: Perfios is a Bengaluru-based B2B fintech SaaS platform offering credit decisioning, onboarding, and fraud analytics to Indian FIs. It is Karza's acquirer and parent, and its pre-acquisition product suite was a direct competitor to Karza's offerings.
- Onfido: Onfido is a global identity-verification and KYC platform serving banks and fintechs. While India-traction is lighter, its product set (document verification, fraud signals) is comparable to Karza's onboarding automation.
- Plaid: Plaid provides account aggregation, connectivity, and financial-data APIs to lenders and fintechs globally. While US-centric, its data-connectivity approach is broadly comparable to Karza's account-data layer for underwriting.
Emerging players
- BureauID: BureauID (by Novio Technologies) offers alternative-data credit underwriting and identity solutions to Indian lenders. It overlaps with Karza's credit decisioning and KYC modules, particularly for new-to-credit borrowers.
Others
- Mambu: Mambu is a cloud core-banking and lending platform used by digital banks and lenders worldwide. It is adjacent to Karza's stack — operating one layer above in the lending value chain — but competes for the same FI technology budgets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Karza Technologies social profiles
Digital presenceKarza Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Karza Technologies leadership team
Management profileNumber of profiles
Profiles5 records
Karza Technologies funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Karza Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Karza Technologies
What does Karza Technologies do?
Karza Technologies provides data, analytics, automation, and decisioning solutions that enable financial institutions to automate loan onboarding, credit underwriting, and fraud detection. Its banking and financial intelligence platform aggregates data and applies analytics to support credit, risk, and compliance workflows for banks, NBFCs, fintechs, payment firms, and other regulated entities.
Is Karza Technologies a public or private company?
Karza Technologies is a private company. It is classified as corporate owned and is currently acquired.
When was Karza Technologies founded?
Karza Technologies was founded in 2015. It employs 101 to 250 people.
Where is Karza Technologies based?
Karza Technologies is headquartered in Mumbai, India, in the Asia region.
Who are Karza Technologies's main competitors?
Direct peers on record are Signzy, IDfy, Setu, CreditMantri and HyperVerge. Broad incumbents are Perfios Software Solutions, Onfido and Plaid. BureauID is listed as an emerging player. Mambu is listed as an others.
Does Karza Technologies have an API?
No public API is recorded for Karza Technologies.
What industry is Karza Technologies in?
Karza Technologies's product category is Fintech Data & Decisioning Software. Its primary akta.pro industry code is FSAGAFAB, KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening), with a secondary code of FSAGAHAC, Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking). Its NAICS code is 5223.