Perfios Joins the Unicorn Club With $70 Million Investment

Perfios, a Bengaluru-based fintech business, has secured approximately $70 million in a Series C round of fundraising at a unicorn valuation from current investors Warburg Pincus LLC and Bessemer Venture Partners.

Perfios did not divulge its valuation in its most recent fundraising round. Warburg Pincus LLC has invested roughly $55 million (Rs 409.22 crore) through its affiliate Pear Valley Investment Limited, while Bessemer India has committed $14.8 million (Rs 111.6 crore). Perfios indicated in a regulatory filing that it will utilize the new money to grow its activities, including capital expenditures, acquisition finance, and working capital requirements. This year, the business also plans to secure roughly $40 million in debt financing.

The current investment comes almost 27 months after it received $50 million from Bessemer Venture Partners and Warburg Pincus in its Series B round of fundraising. At the time, some investors were alleged to have left the company.

Perfios is a Credit Decisioning and Analytics firm that operates in both the B2B and B2C sectors and was created in 2009 by Debasish Chakraborty and V R Govindarajan. The startup says it can extract, categorize, and analyze hundreds of data sets in real-time, allowing financial institutions to make better loan decisions.

It promises to classify over 500 million transactions every month, support 1,700 different data types, and be supported by 735 different organizations. In addition, the firm just paid $80 million for Karza Technologies Pvt. Ltd. Bangladesh, Ireland, Indonesia, South Africa, the Czech Republic, and the United Arab Emirates are among the 18 nations where the business claims to have a presence.