Perfios, a Bengaluru, India-based B2B SaaS fintech company, raised US$80M in funding.
Teachers’ Venture Growth, the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, made the investment. As part of the investment, Darius Vakil, Director, TVG, India is slated to join the board of Perfios as the nominee of Ontario Teachers’ Pension Plan.
The company intends to use the funds to continue its international expansion and strengthen its global footprint, explore inorganic growth opportunities, and continue to invest in their comprehensive tech stack to power the end-to-end customer journeys across banking, insurance, and embedded commerce.
Led by CEO Sabyasachi Goswami, Perfios is a global B2B SaaS company serving the banking, financial services and insurance industry in 18 countries, empowering 1000+ financial institutions. Through software platforms and products, Perfios helps financial institutions shape their origination, onboarding, decisioning, underwriting and monitoring processes at scale and speed. Perfios delivers 8.2 billion data points to banks and financial institutions every year to facilitate decisioning, and processes 1.7 billion transactions a year with an AUM of $36 Billion, accelerating access to credit and financial services for their clients’ customers.
Commenting on the news, Sabyasachi Goswami said “Our business has been seeing steady growth year-on-year, with consistent improvement in the bottom line. I want to extend my heartfelt gratitude to all our partners who have trusted us throughout our journey. This investment will further help us in strengthening the digital transformation journey of our partners, thereby powering financial inclusion and providing access to financial services to billions across the globe. I am glad to have Teachers’ Venture Growth as a new investor in our Perfios family.”
FinSMEs
14/03/2024