Bangalore-based Fintech Startup, Perfios raised USD 70 million (540 crore INR) in Series C on February 25, 2022. The existing investors- Warburg Pincus and Bessemer India led the funding. Perfios is the first fintech platform to enter the unicorn club in 2022. Earlier, Hasura (an Indian startup) joined the unicorn club this week. Hasura is a GraphQL developer. Overall 96 Indian startups are a part of the unicorn valuation.
Purpose of the funding-
The funds will be used for financing the acquisitions of other companies. The Fintech Platform seeks to meet its capital expenditure and working capital requirements with this funding.
Warburg Pincus Asia’s affiliate, Pear Valley Investment, invested USD 55 million (INR 409.22 crore). In addition, Bessemer India granted USD 14.8 million (116 crore INR).
Previously, Perfios raised USD 50 million in November 2019 in its Series B round. Warburg Pincus and Bessemer India also led the last funding.
On February 10, 2022, Perfios sought approval to raise USD 40 million (INR 300 crore) via debt funding.
Investor’s stake in the Perfios Platform
With the latest funding, Warburg is the largest stakeholder in the Fintech Platform, Perfios. Warburg’s stake is 41.6% in the current investment. Its co-founders, Debshish Chakraborty and V.R Govindarajan hold 7.3% and 7.5%, respectively.
Meanwhile, Bessemer India, Perfios long time investor, holds 32.1%.
About Perfios
Debshish Chakraborty and V.R Govindarajan brought the company into existence in 2009. Perfios is a Bangalore-based startup operating in B2B and B2C marketplace. It is a Fintech Platform offering software technology solutions to various financial institutions. The firm is a credit decision-making and analytics startup. It extracts, categorises and analyzes humongous financial data in real-time. They help financial institutions with effective decision-making. Besides, they create reports and investigate frauds by analyzing data such as bank statements, taxes and other financial information.
Perfios has over 500 million transactions every month, looks into 1700 data formats, and gets support from 735 institutions.
The firm has more than 100 major clients in various domains. Banks, NBFCs, mutual fund companies, insurance companies, human resources across the country and abroad are part of the clientele. Perfios has an international presence in 18 countries.
They have operations in South Africa, the Czech Republic, Ireland, UAE, Bangladesh, and Indonesia.
Recently, Perfios acquired Karza Technologies Pvt Ltd. with USD 80 million.
For more extensive analysis and Market Intelligence reports, feel free to approach us.
We try our best to fact-check and bring well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!
Next Article
 in Series C on February 25, 2022. The existing investors- Warburg Pincus and Bessemer India led the funding.){kind=link}