Perfios Software Solutions Revenue, Valuation, Funding & Investors

Perfios Software Solutions is valued at $1B as of March 2024, a 20.4x multiple on its last reported $49M revenue.

Last Perfios Software Solutions valuation

$1B

Series D · Mar 2024

Last Perfios Software Solutions funding round

$80M

Series D · Mar 2024

Perfios Software Solutions revenue

$49M

Series D · Mar 2024

Key investors in Perfios Software Solutions

  • Bessemer Venture Partners
  • Warburg Pincus
  • Kedaara Capital
  • Teachers’ Venture Growth

Perfios Software Solutions Overview

About Perfios Software Solutions

Perfios Software Solutions is a Bengaluru-headquartered SaaS provider powering financial services with data intelligence platforms. It offers account aggregation, credit decisioning, and collections analytics for banks, NBFCs, and insurers across lending and insurance sectors. The company processes vast datasets to enable real-time risk assessment and customer onboarding in India and Southeast Asia, holding a leading position in the fintech analytics market.


Founded

2008

HQ

IndiaBangalore

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$49M (Mar 2024)

Valuation

$1B (Mar 2024)

Perfios Software Solutions Valuation

Perfios Software Solutions is currently valued at $1B, based on its Series D in March 2024.

The $80M round was led by Teachers’ Venture Growth.

Perfios Software Solutions' valuation has grown 2.5x from $400M at its Series C in February 2022 to $1B in March 2024, across 3 priced rounds.

Perfios Software Solutions valuation by funding round

Revenue multiple
Perfios Software Solutions valuation by funding round
DateStageValuationRevenue Multiple
Mar 2024Series D$1B20.4x
Sep 2023Series D$901M50.1x
Feb 2022Series C$400M40.0x

Perfios Software Solutions Revenue

Perfios Software Solutions' latest recorded revenue is $49M, as of its Series D in March 2024. At a $1B valuation, that implies a 20.4x revenue multiple.

Revenue grew from $10M in February 2022 to $49M in March 2024, while the revenue multiple moved from 40.0x to 20.4x.

Perfios Software Solutions revenue by funding round

Perfios Software Solutions revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Mar 2024$49M$1B20.4xSeries D
Sep 2023$18M$901M50.1xSeries D
Feb 2022$10M$400M40.0xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Perfios Software Solutions Funding History

Perfios Software Solutions has raised a total of $435M across 5 funding rounds.

Perfios Software Solutions' first fundraising round was a $6M Series A in April 2017. The most recent completed round was a $80M Series D in March 2024.

Perfios Software Solutions funding rounds

Perfios Software Solutions funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2024Series DTeachers’ Venture Growth (lead)$80M$1BPerfios is a 15-16 year old B2B SaaS fintech company headquartered in Bangalore that provides real-time data aggregation, credit underwriting, and decisioning solutions to financial institutions. The company enables banks, NBFCs, digital lending platforms, insurance firms, and other financial institutions to streamline customer journeys, assess credit risk, detect fraud, and make faster lending decisions by processing financial data such as bank statements, tax records, and business financials. On March 13, 2024, Perfios raised $80 million in funding from Teachers' Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers' Pension Plan. This investment valued the company at over $1 billion, making Perfios the second Indian unicorn of 2024 after Krutrim. The round brought Perfios' total fundraising to $464 million across primary and secondary transactions. This followed Perfios' Series D round of $229 million raised in September 2023. The company demonstrated strong operational metrics near the funding round. For the financial year ending March 2023, Perfios generated revenue of $49.1 million. Operationally, Perfios delivers 8.2 billion data points to banks and financial institutions annually to facilitate faster decision-making, processes 1.7 billion transactions per year, and manages assets under management of $36 billion. The company operates in approximately 16-24 markets globally with over 100 significant clients including HDFC and Kotak Bank. Perfios announced plans to use the fresh capital for international expansion in South-East Asia, the Middle East, and Africa, as well as to explore inorganic growth opportunities through acquisitions. The company also committed to continuing investment in its comprehensive technology stack, including 75+ products and platforms and 500+ APIs, to power end-to-end customer journeys across banking, insurance, and embedded commerce verticals. Following this investment, Darius Vakil, TVG India Director, joined Perfios' board as a nominee of Ontario Teachers' Pension Plan.
Sep 2023Series DKedaara Capital (lead); Bessemer Venture Partners; Warburg Pincus$229M$901MPerfios Software Solutions is a Bengaluru-based B2B SaaS fintech company founded in 2008, providing decision analytics software for banking, financial services, and insurance sectors across 18 countries, including strong presence in Middle East and Southeast Asia. It offers over 75 products and 500+ APIs, processing 8.2 billion data points and 1.7 billion transactions annually with $36 billion AUM, serving 800-1,000 financial institutions to aid real-time decision-making, credit underwriting, and compliance. Perfios positions as India's largest SaaS-based B2B fintech software provider, focusing on reducing credit costs and NPAs for banks, NBFCs, and fintechs through data management in privacy-compliant environments. It reported $17.5 million in revenue for FY22 (ended March 2022) and has maintained profitability for five years. In September 2023, Perfios raised $229 million in a Series D funding round led by Kedaara Capital, involving primary issuance and secondary stake sales, marking one of the largest B2B SaaS deals in India that year. Existing investors Bessemer Venture Partners and Warburg Pincus continued support. Funds are earmarked for global expansion into North America and Europe, plus investments in new technologies to enhance its end-to-end customer journey solutions in banking, insurance, and embedded commerce. Total funding raised to date approximated $355-384 million including prior rounds like $70 million in 2022 and $50 million in 2019. Subsequent developments include an $80 million raise in March 2024 from Teachers' Venture Growth Investments, achieving unicorn status at around $900 million valuation, building on the Kedaara-led round.
Feb 2022Series CBessemer Venture Partners (lead); Warburg Pincus (lead)$70M$400MPerfios Software Solutions, a Bengaluru-based fintech providing software for financial data aggregation, analysis, and real-time decisioning in areas like consumer lending, SME lending, account aggregation, and credit assessment, closed its Series C funding round in February 2022 raising approximately $70 million (Rs 520.8 crore). The round was led by existing investors Warburg Pincus, which invested about $55 million via affiliate Pear Valley Investment, and Bessemer Venture Partners, contributing around $15 million. Post-round, Perfios achieved a valuation exceeding $2 billion, joining the unicorn club, with Warburg Pincus holding 41.6-41.68% stake, Bessemer at 32.1-32.12%, and co-founders Debshish Chakraborty and V R Govindarajan at about 7.3-7.5% each. The funding proceeds were allocated for acquisitions, capital expenditure, and working capital to support business expansion. Perfios, founded in 2008, serves over 735 companies including 200+ lenders in India, processes 500 million+ transactions monthly across 1.7K data formats, and operates in 18 countries such as India, UAE, South Africa, Ireland, Indonesia, and Kenya. In 2021, the company generated $9.9 million in revenue. It had previously raised $50 million in Series B in November 2019 and $6.1 million in Series A in 2017, both from Bessemer and Warburg Pincus. Perfios enables financial institutions to automate lending decisions by analyzing structured and unstructured data from bank statements, taxes, and business financials, aiding in fraud monitoring and reporting. The platform supports banks, NBFCs, and money managers globally. The global credit rating software market, relevant to Perfios' offerings, is projected to reach $1.9 billion by 2030 at a 16.5% CAGR. Following this round, Perfios eyed potential $40 million debt funding and continued inorganic growth.
Nov 2019Series BBessemer Venture Partners (lead); Warburg Pincus (lead)$50M-Perfios Software Solutions raised $50 million in Series B funding in November 2019 led by an affiliate of Warburg Pincus and existing investor Bessemer Venture Partners. The funding included primary capital infusion and purchase of shares from early angel investors. Founded in 2008 by VR Govindarajan and Debashish Chakraborty, Perfios is a fintech software company that aggregates and analyzes financial data including bank statements, tax data, and business financials to generate reports for credit assessment, monitoring, fraud detection, and banking data aggregation. The company's technology leverages data science and analytics to help financial institutions reduce turnaround times and improve accuracy in credit-decisioning processes. Perfios served over 200 banks, NBFCs, fintech companies, and other financial institutions globally at the time of the funding. The company planned to deploy the $50 million toward continued technology innovation, development of new offerings, international expansion particularly in the Middle East and North Africa and Southeast Asia regions, and potential acquisitions. Shortly before the Series B announcement, Perfios had acquired intellectual property and assets from FintechLabs Technologies, a Noida-based digital lending software provider. By February 2022, Perfios closed a $70 million Series C round from the same investors, increasing its total funding to $126 million, with Warburg Pincus holding 41.69% and Bessemer India holding 32.12% of the company. Later in September 2023, Perfios raised $229 million in Series D funding at a valuation exceeding $900 million, representing a significant increase from the $413 million valuation in February 2022.
Apr 2017Series ABessemer Venture Partners (lead)$6M-Perfios Software Solutions raised $6.1 million (Rs 40 crore) in its Series A funding round on April 4, 2017, from Bessemer Venture Partners, marking its first institutional funding. The Bengaluru-based company, founded in 2008 by V.R. Govindarajan and Debasish Chakraborty, provides a fintech data analytics and aggregation platform focused on financial data analysis for credit assessment and personal finance. Its core technology aggregates and analyzes bank statements and business financials to generate credit reports, shortening turnaround times for digital lenders. Perfios serves over 100 clients including banks like HDFC Bank, Yes Bank, and Axis Bank, NBFCs such as Capital First and Bajaj Finance, and fintechs like Capital Float and Lendingkart. At the time, the company had 55 employees and planned to use the funds for team expansion, international growth in the UAE and Southeast Asia, and potential tech startup acquisitions. Bessemer viewed Perfios as an embedded intelligence product with wide fintech applications and a potential moat in data aggregation.

Who has invested in Perfios Software Solutions?

4 investors have backed Perfios Software Solutions across its funding rounds, including Bessemer Venture Partners, Warburg Pincus, Kedaara Capital and Teachers’ Venture Growth.

Lead investors include Teachers’ Venture Growth, Kedaara Capital, Bessemer Venture Partners and Warburg Pincus.


Perfios Software Solutions Investors

Investors in Perfios Software Solutions by funding rounds participated
InvestorHQRoundsRoleFirst check
Bessemer Venture PartnersUnited StatesSan Francisco, CA4LeadApr 2017
Warburg PincusUnited StatesNew York City, NY3LeadNov 2019

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Acquisitions by Perfios Software Solutions

Perfios Software Solutions has acquired 6 companies to date.

Last acquisition by Perfios Software Solutions was on April 28th 2025. Perfios Software Solutions acquired IHX Private Limited for undisclosed valuation.


Latest Acquisitions by Perfios Software Solutions

IHX Private Limited
CreditNirvana
Clari5
Fego.ai
Description
IHX Private Limited is a Mumbai-based digital healthcare platform using AI and machine learning to exchange data among hospitals, payers, diagnostic labs, and pharma across India. The company delivers analytics for patient outcomes, claims processing, and supply chain optimization compliant with NDHM standards. IHX supports over 500 facilities with real-time dashboards and predictive tools for disease trends.
CreditNirvana is a Bengaluru-based AI-driven debt collection platform for Indian lenders. It executes digital-first processes using patent-pending ML algorithms, serving clients like Toyota Financial Services India and HDFC. CreditNirvana provides end-to-end solutions for empathetic collections, cost reduction, and fraud prevention across auto finance and banking sectors.
Clari5 is a Hyderabad-headquartered financial crime management platform for banks monitoring web and mobile transactions in real time. It detects fraud and anti-money laundering risks by correlating customer behaviors across channels. The system delivers risk scores to enable transaction blocking, alterations, or case escalations for investigation.
Fego.ai is a Bengaluru-based open finance platform providing APIs for fintechs and consumer apps to access consented bank statements and derive behavioral insights from transactions. The stack includes embeddable UPI payment experiences, credit scoring models, and spending analytics serving neobanks like Jupiter and FamPay. Fego.ai processes 10 million monthly transactions under RBI guidelines.
HQ CountryIndiaIndiaIndiaIndia
HQ City
Bangalore
Bangalore
Bangalore
Chennai
Deal Date28 Apr 202510 Mar 20257 Feb 202521 Sep 2023
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Perfios Software Solutions Competitors

Perfios Software Solutions competitors include listed companies like 74Software and Freee, and private ones like 51 Credit Card Manager, Clara, DataSnipper and FreshBooks.

Public and private companies comparable to Perfios Software Solutions
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
51 Credit Card ManagerChinaChinaPrivate$15M-$1B66.7x
ClaraBrazilSão PauloPrivate--$1B-
DataSnipperNetherlandsAmsterdamPrivate$45M-$1B22.2x
FreshBooksCanadaTorontoPrivate--$1B-
74SoftwareFranceFrancePublicly listed$814M$112M$1.3B1.8x
FreeeJapanJapanPublicly listed$214M$6M$1.5B4.8x

Perfios Software Solutions Public Comps

Perfios Software Solutions is still privately-owned, but its public comps include Fujian Boss Software, 74Software, Teamshares, Freee, Miroku Jyoho Service, Nordtech Group, BlackLine, Baiwang Cloud, Avant Group and Zaggle Prepaid Ocean.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Fujian Boss Software$299M$40M2.8x2.9x21.1x21.0x
74Software$814M$112M1.9x1.8x13.7x9.8x
Teamshares$472M($23M)1.7x1.4x(35.0x)33.2x
Freee$214M$6M6.3x4.8x237.7x65.4x
Miroku Jyoho Service$315M$58M1.1x1.1x6.0x-
Nordtech Group$72M$15M5.1x-25.2x-
BlackLine$700M$72M2.6x2.5x25.6x8.5x
Baiwang Cloud$109M$433K2.6x2.7x648.3x-

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Common questions about Perfios Software Solutions

When was Perfios Software Solutions founded?Perfios Software Solutions was founded in 2008.
Where is Perfios Software Solutions headquartered?Perfios Software Solutions is headquartered in Bangalore, India.
Is Perfios Software Solutions publicly listed?No, Perfios Software Solutions is a private, VC-backed company.
What is Perfios Software Solutions' valuation?Perfios Software Solutions was last valued at $1B in its Series D in March 2024.
How much funding has Perfios Software Solutions raised?Perfios Software Solutions has raised $435M across 5 funding rounds.
What was Perfios Software Solutions' last funding round?Perfios Software Solutions' last funding round was a $80M Series D in March 2024, led by Teachers’ Venture Growth.
Who are Perfios Software Solutions' investors?Perfios Software Solutions' investors include Bessemer Venture Partners, Warburg Pincus, Teachers’ Venture Growth and Kedaara Capital.
What is Perfios Software Solutions' revenue?Perfios Software Solutions' latest recorded revenue is $49M (March 2024).
What is Perfios Software Solutions' revenue multiple?Perfios Software Solutions' latest valuation implies a 20.4x revenue multiple ($1B valuation on $49M of revenue).
Which companies are comparable to Perfios Software Solutions?Companies comparable to Perfios Software Solutions include 51 Credit Card Manager, Clara, DataSnipper, FreshBooks, 74Software and Freee.
How many companies has Perfios Software Solutions acquired?Perfios Software Solutions has acquired 6 companies, including IHX Private Limited, CreditNirvana, Clari5, Fego.ai and Karza Technologies.
What was the largest acquisition by Perfios Software Solutions?The $80M acquisition of Karza Technologies in February 2022 is the largest acquisition Perfios Software Solutions has made to date.

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