What is Perfios?
Founded in 2008 and headquartered in Bangalore, Perfios operates as a pioneering B2B SaaS provider across 18 countries, empowering over 1000 financial institutions. Its software platforms and products are designed to enhance origination, onboarding, decisioning, underwriting, and monitoring processes at scale and speed for BFSI clients. Annually, Perfios delivers 8.2 billion data points to banks and financial institutions, significantly accelerating credit access for their customers. With a global presence, over 75 products, and more than 500 APIs, Perfios offers a comprehensive technology platform for its clientele.
How much funding has Perfios raised?
Perfios has raised a total of $435.2M across 5 funding rounds:
Series A
$6.2M
Series B
$50M
Series C
$70M
Series D
$229M
Other Financing Round
$80M
Series A (2017): $6.2M with participation from Bessemer Venture Partners
Series B (2019): $50M led by Bessemer Venture Partners
Series C (2022): $70M supported by Bessemer Venture Partners
Series D (2023): $229M featuring Kedaara Capital, Warburg Pincus, and Bessemer Trust
Other Financing Round (2024): $80M backed by Ontario Teachers' Pension Plan
Key Investors in Perfios
Kedaara Capital
Kedaara Capital is a leading investment management company based in Mumbai, India, specializing in private equity with a focus on growth-oriented strategic and minority investments. The firm combines skilled investment judgment with extensive operational experience to support its portfolio companies in realizing their full potential.
Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm renowned for its expertise in growth investing. Operating as a private partnership, the firm leverages decades of experience to support investors and management teams in building long-term, sustainable success across diverse market cycles.
Bessemer Venture Partners
Bessemer Venture Partners (Bessemer) is a venture capital firm with offices in San Francisco, Redwood City, New York City, Boston, Israel, and India. It was established in 1911 as Bessemer Securities and focuses on early-stage technology investments.
What's next for Perfios?
The recent major strategic investment in Perfios signals a strong confidence from its backers in the company's future growth and its pivotal role in digital transformation within the BFSI sector. This capital infusion is expected to accelerate product innovation, expand its global reach, and enhance its service offerings to financial institutions worldwide. Perfios' continued focus on data-driven decisioning and efficient financial service delivery positions it for sustained leadership in the competitive fintech landscape.
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