About Perfios
Perfios is a company based in Bengaluru (India) founded in 2008 by Velamur Rangachari Govindarajan, Debashish Chakraborty, and Kunnath Santosh. It operates as a B2B and SaaS. Perfios has raised $258.77 million across 8 funding rounds from investors including Bessemer Venture Partners, Warburg Pincus and Ontario Teachers' Pension Plan. The company has 898 employees as of March 31, 2023. Perfios has completed 5 acquisitions, including Clari5, CreditNirvana and Fego. Perfios offers products and services including Bank Statement Analyser, KYC/KYB, and Document Analysers. Perfios operates in a competitive market with competitors including TransUnion, Equifax, IDfy, Digio and Trulioo, among others.
- Headquarter Bengaluru, India
- Employees 898 as on 31 Mar, 2023
- Founders Velamur Rangachari Govindarajan, Debashish Chakraborty, Kunnath Santosh
- Stage Minicorn
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Perfios Software Solutions Private Limited
- Date of Incorporation 29 May, 2008
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$49.65 M (USD)195.77as on Mar 31, 2023
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Net Profit
$937.39 K (USD)163.06as on Mar 31, 2023
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EBITDA
$7.74 M (USD)722.62as on Mar 31, 2023
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Total Equity Funding
$258.77 M (USD)
in 8 rounds
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Latest Funding Round
$80 M (USD), Series D
Mar 13, 2024
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Investors
Bessemer Venture Partners
& 13 more
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Employee Count
898
as on Mar 31, 2023
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Investments & Acquisitions
Clari5
& 4 more
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Products & Services of Perfios
Perfios offers a comprehensive portfolio of products and services, including Bank Statement Analyser, KYC/KYB, and Document Analysers.
Digitises and analyses bank statements for faster credit underwriting
Comprehensive tool for customer identity and business verification processes
Automates digitisation and analysis of documents for credit underwriting
People of Perfios
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Funding Insights of Perfios
Perfios has successfully raised a total of $258.77M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $80 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Perfios
Perfios has secured backing from 14 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Bessemer Venture Partners, Warburg Pincus and Ontario Teachers' Pension Plan.
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Private equity firm focused on growth companies
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Multi-stage private equity investments are pursued across diverse sectors.
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Investor details for Perfios
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Investments & Acquisitions by Perfios
Perfios has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Clari5, CreditNirvana and Fego.
Investment portfolio details for Perfios
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of open banking APIs
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AI/ML-driven debt management platform is offered for financial institutions.
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AI-powered financial data analysis and decision support are provided.
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Locked | Locked | 2015 | Locked |
Complete acquisition details for Perfios
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Financial Statements - Perfios
Detailed financials for Perfios
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Perfios Comparisons
Peer comparison for Perfios
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Competitors of Perfios
Perfios operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TransUnion, Equifax, IDfy, Digio and Trulioo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of credit scoring data for consumers and businesses
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Credit score data is provided online for businesses and individuals.
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Identity verification, background screening, and fraud prevention solutions are provided.
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Mobile platform offering credit cards
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Identity verification platform
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Detailed competitors of Perfios
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Verified entity values are shown only after access is granted.
Latest news on Perfios
Complete news archive for Perfios
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Frequently Asked Questions about Perfios
Perfios was founded in 2008 and raised its 1st funding round 9 years after it was founded.
Perfios is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Perfios is a funded company, having raised a total of $258.77M across 8 funding rounds to date.
As of Mar 31, 2023, the latest employee count at Perfios is 898.
Annual revenue of Perfios is $49.65M as on Mar 31, 2023.
Perfios Software Solutions delivers AI-powered tools for banking, insurance, and fintech industries, focusing on document analysis, KYC verification, and fraud detection to streamline operations. The company operates through products like bank statement analyzers and compliance checks, serving clients such as banks and financial firms. Headquartered in India with a global presence across 18 locations, Perfios enhances efficiency in credit decisions and customer onboarding.
Perfios's top competitors include TransUnion, Equifax and IDfy.
Perfios offers Bank Statement Analyser, KYC/KYB, and Document Analysers.
Perfios has made 5 acquisitions, including Clari5, CreditNirvana, and Fego.
Perfios has 14 investors. Key investors include Bessemer Venture Partners, Warburg Pincus, Ontario Teachers' Pension Plan, InnoVen Capital, and Kedaara.
The valuation of Perfios is $432.73M as of Feb 2022.