B2B SaaS fintech company Perfios announced receiving $80 million from Teachers’ Venture Growth. The company will utilize this funding to continue its international expansion.
Perfios, a global B2B SaaS fintech company based in India, has secured $80 million from Teachers’ Venture Growth (TVG), the late-stage venture and growth investment division of Ontario Teachers’ Pension Plan.
Last year, the company raised $229 million in a Series D funding round led by Kedaara Capital through a combination of primary funding and a secondary sale.
According to the press release, Darius Vakil, the India director of TVG, will join Perfios’ board as the nominee representing the Ontario Teachers’ Pension Plan. The company plans to continue its international expansion and explore inorganic growth opportunities. They’ll invest in advanced technology for seamless customer experiences in banking, insurance, and embedded commerce.
Sabyasachi Goswami, CEO of Perfios said: “Our business has been seeing steady growth year-on-year, with consistent improvement in the bottom line. This investment will further help us in strengthening the digital transformation journey of our partners, thereby powering financial inclusion and providing access to financial services to billions across the globe.”
(Image Credit: Forbes)
Kelvin Yu, Senior Managing Director and Head of Teachers’ Venture Growth in Asia stated: “We are excited about the growing opportunities within the B2B enterprise tech space in India, and we believe Perfios is a best-in-class fintech-focused SaaS player. Perfios continues to invest behind its market-leading tech stack, adding new use cases that enable the company to be the trusted partner of choice to leading financial institutions globally.”
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About Perfios:
Founded in 2008, Perfios is a B2B SaaS fintech company catering to the banking, financial services, and insurance sectors across 18 countries. The company specializes in real-time credit decisioning, analytics, onboarding automation, due diligence, monitoring, and more. The company enables real-time data-driven decision-making with a client base exceeding 1000 financial institutions.
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