Perfios, a Bengaluru-based fintech startup, has raised around Rs 521 crore (or roughly $70 million) in a Series C funding round led by existing investors Warburg Pincus and Bessemer India.

In this funding round, Warburg has invested Rs 412.5 crore and continues to be one of the largest shareholders in Perfios with a 41.6% stake. Bessemer has invested Rs 112.5 crore and now holds a 32.1% stake.

As per the company’s regulatory filings, Perfios has passed a special resolution to allot 416,336 Series C preference shares at an issue price of Rs 12,610 per share to raise Rs 525 crore or $70 million. The startup will use the raised funds for financing the acquisition of other companies, capital expenditure, and working capital requirements.

Perfios | Real-Time Analysis and Decisioning

Founded by Debshish Chakraborty and VR Govindarajan, Perfios is a product technology company enabling businesses to aggregate structured and unstructured data, curate, analyze and help in decision-making. 

The fintech startup helps in the aggregation and analysis of financial data such as bank statements, tax data, and business financials to generate reports across the areas of credit assessment, monitoring, fraud, and banking data aggregation.

Perfios works with over 200 banks, NBFCs and fintech companies and has a presence in 18 countries globally. As per the Bengaluru-based fintech startup, it has acquired more than 100 large clients across various domains such as banks, NBFCs, mutual fund companies, digital lending platforms, insurance companies, human resources in India and abroad.

With this funding, the company’s co-founders – VR Govindarajan and Debashish Chakraborty now hold a 7.52% and 7.39% stake, respectively. In November 2019, Perfios had raised $50 million in its Series B round led by Warburg and Bessemer Venture. 

Need legal assistance for your startup? Just contact us.

Follow us and connect with us on Instagram, Facebook, Twitter and LinkedIn.