Perfios, a Bengaluru, India-based B2B SaaS fintech company that offers financial and data analysis software and tools, raised $80 million in a funding round, valued Perfios at over $1 billion.
Investors
The round was led by Teachers’ Venture Growth (TVG).
Teachers’ Venture Growth (TVG) is a late-stage venture and growth investment arm of the Ontario Teachers’ Pension Plan. They partner with founders with bold missions, looking to expand their product offering, scale geographically, and become the leaders in their markets. Based in Toronto, Canada, with offices in London, San Francisco, and Hong Kong, the firm seeks to invest from Series B onwards.
Use of Funds
The investment will support Perfios' international expansion across South-East Asia, the Middle East, and Africa. The company will also utilize the funds to enhance its comprehensive tech stack, focusing on exploring inorganic growth opportunities.
About Perfios
Perfios is a fintech company that provides real-time data aggregation and analysis platform to financial institutions, enabling them to streamline their customer journeys and make more informed decisions. By leveraging advanced algorithms and machine learning Perfios helps banks, fintechs, other financial institutions, and insurance firms reduce risk, spot fraud, and improve the overall quality of their portfolios while strengthening their decision-making processes. The company operates in 18 countries, serving over 1,000 financial institutions. They offer 75+ products and platforms with 500+ APIs, revolutionizing financial processes.
Funding Details
Company: Perfios Software Solutions Pvt. Ltd.
Raised: $80.0M
Round: Unknown
Funding Month: March 2024
Lead Investors: Teachers’ Venture Growth (TVG)
Additional Investors:
Company Website: https://www.perfios.com/
Software Category: Financial and Data Analysis Software
Source: https://fintech.global/2024/03/13/perfios-indias-premier-fintech-saas-innovator-secures-80m-investment/