Perfios Raises $229 Million in Series D

by Kay Aloha Villamor in September 11th, 2023

Perfios, a Bangalore, India-based SaaS Business-to-Business (B2B) software provider for financial institutions, raised $229 million in its Series D funding round 

SaaS Investors

This funding was secured from private equity firm Kedaara Capital through a combination of primary fundraising and a secondary sale of shares. 

Kedaara Capital is an operationally oriented private equity firm pursuing control and minority investment opportunities in India. It partners with entrepreneurs, management teams, and family-owned businesses and provides deep strategic and operational expertise. Its target sectors include logistics, packaging, specialty chemicals and ingredients, pharmaceuticals, and potentially finance companies. The company was founded in 2011 and is based in Mumbai, India. 

Perfios Use of Funds

Perfios intends to utilize these funds to support its global expansion efforts in North America and Europe. The company also plans to invest in new-age technologies to enhance its comprehensive stack of Decision Analytics SaaS products.

About Perfios

Founded in 2008 by V.R. Govindarajan and Sabyasachi Goswami, Perfios is a B2B SaaS company serving the banking, financial services, and insurance industries in 18 countries. Perfios specializes in real-time credit decisioning, analytics, onboarding automation, due diligence, monitoring, and more. The company helps in the aggregation and analysis of financial data such as bank statements and business financials. It also helps users generate credit reports for digital lenders. The company caters to banks, non-banking financial companies (NBFCs), and financial technology companies. 

Funding Details

Company: Perfios Software Solutions Pvt. Ltd.

Raised: $229.0M

Round: Series D

Funding Month: September 2023

Lead Investors: Kedaara Capital

Additional Investors:

Company Website: 

Software Category: SaaS-based B2B Fintech Software 



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