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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series D — $80.0M
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First Round
First Round
(30 Mar 2017)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series D - Perfios | Valuation | Ontario Teachers' Pension Plan |
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| Sep, 2023 | Amount | Series D - Perfios | Valuation | Kedaara | |
| Oct, 2022 | Amount | Debt – Venture - Perfios | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm focused on growth companies
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Founded Year | Domain | Location | |
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Perfios
Perfios has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Clari5, CreditNirvana and Fego. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of open banking APIs
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2020 | ||||
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AI/ML-driven debt management platform is offered for financial institutions.
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2018 | ||||
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AI-powered financial data analysis and decision support are provided.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Perfios
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Perfios Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of credit scoring data for consumers and businesses
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| domain | founded_year | HQ Location |
Credit score data is provided online for businesses and individuals.
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| domain | founded_year | HQ Location |
Identity verification, background screening, and fraud prevention solutions are provided.
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| domain | founded_year | HQ Location |
Mobile platform offering credit cards
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| domain | founded_year | HQ Location |
Identity verification platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Perfios
Frequently Asked Questions about Perfios
When was Perfios founded?
Perfios was founded in 2008 and raised its 1st funding round 9 years after it was founded.
Where is Perfios located?
Perfios is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Perfios a funded company?
Perfios is a funded company, having raised a total of $258.77M across 8 funding rounds to date. The company's 1st funding round was a Debt – Venture of $6.08M, raised on Mar 30, 2017.
How many employees does Perfios have?
As of Mar 31, 2023, the latest employee count at Perfios is 898.
What is the annual revenue of Perfios?
Annual revenue of Perfios is $49.65M as on Mar 31, 2023.
What does Perfios do?
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.
Who are the top competitors of Perfios?
Perfios's top competitors include TransUnion, Equifax and IDfy.
What products or services does Perfios offer?
Perfios offers Bank Statement Analyser, KYC/KYB, and Document Analysers.
How many acquisitions has Perfios made?
Perfios has made 5 acquisitions, including Clari5, CreditNirvana, and Fego.
Who are Perfios's investors?
Perfios has 14 investors. Key investors include Bessemer Venture Partners, Warburg Pincus, Ontario Teachers' Pension Plan, InnoVen Capital, and Kedaara.
What is Perfios's valuation?
The valuation of Perfios is $432.73M as of Feb 2022.
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