B2B SaaS fintech firm Perfios has achieved unicorn status in India for the year 2024, securing $80 million in a recent funding round led by Teachers’ Venture Growth (TVG), an investment arm of Ontario Teachers’ Pension Plan.
With this latest investment, Perfios now boasts a valuation exceeding $1 billion, according to reports from TechCrunch. The company intends to utilize the funds for international expansion initiatives and to explore potential avenues for inorganic growth. Additionally, Perfios has outlined plans to pursue a public listing by the following year.
Sabyasachi Goswami, CEO of Perfios, expressed gratitude to the company’s partners for their trust and support throughout its journey, highlighting steady year-on-year growth and consistent bottom-line improvements.
Perfios joins the ranks of India’s unicorns alongside Krutrim SI Designs, an AI startup founded by Bhavish Aggarwal, which achieved unicorn status last month with a $50 million funding round and a $1 billion valuation.
In its Series D funding round last year, Perfios raised $229 million from prominent private equity investor Kedaara Capital. Since its establishment in 2008, Perfios has been catering to the banking, financial services, and insurance sectors across 18 countries, serving over 1,000 financial institutions.
The company facilitates faster decision-making by delivering a staggering 8.2 billion data points to banks and financial entities annually. Furthermore, Perfios processes approximately 1.7 billion transactions each year, boasting an impressive asset under management (AUM) of $36 billion.
