For any non-product related queries, please write to info@perfios.com.
For any non-product related queries, please write to info@perfios.com.
Founded by V R Govindarajan and Debashish Chakraborty, Perfios is a credit decisioning and analytics company which works with over 200 banks, non-bank lenders and fintech startups
Bengaluru-based fintech software company Perfios has raised close to $50 million in its Series B round from a clutch of private equity investors, led by Warburg Pincus and Bessemer venture Partners. The mix of primary and secondary capital also has given an exit to a few of its angel investors.
Founded by V R Govindarajan and Debashish Chakraborty, Perfios is a credit decisioning and analytics company which works with over 200 banks, non-bank lenders and fintech startups
The company’s core technology platform helps in the aggregation and analysis of financial data such as bank statements, tax data and business financials to help generate a wide range of reports across credit assessment, monitoring, fraud and banking data aggregation. Lenders access these reports to help them evaluate a loan applicant better.
“We will utilise the funds raised in three core areas –continued technology innovation, developing new offerings, international expansion by strengthening our presence in the Middle East, North Africa and Southeast Asia and in exploring potential acquisitions,” said Govindarajan, Director, Perfios. “We will also work closely with regulators in building a secure ecosystem through emerging initiatives such as NBFC Account Aggregator and the Personal Data Privacy Bill.”
While Bessemer has been an existing investor, Warburg Pincus is the new investor onboard. The latter had led a $6.1 million round in Perfios during its series A funding back in 2017.
“The exponential growth of data, and rapidly increasing adoption of technology and data science in credit decisioning presents a significant opportunity for the industry,” said Siddharth Narayan, principal, Warburg Pincus India.Perfios raises $50million in Series B round, Warburg Pincus joins cap-table
