perfios raises ₹40 crores

Bengaluru-based fintech company Perfios Software Solutions has raised ₹40 crores in Series A round led by Bessemer Venture Partners. Founded in 2009 by V R Govindarajan and Debasish Chakraborty, the company’s core technology helps more than 100 banks, NBFCs and fintech companies in aggregation and analysis of financial data.

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“We will use the funds for three core areas -team expansion from our current strength of 55 people, international expansion by strengthening our presence in the UAE and Southeast Asia where we already serve clients, and potential acquisitions,” Govindarajan speaks to TOI.

Perfios maintains some top notch client portfolio including HDFC Bank, YES Bank and AXIS Bank with other NBFCs like Bajaj Finserve, CapitalFloat, and LendingKart.

The company has till now raised around ₹20 crores from several prominent investors such as Ashish Gupta of Helion Venture Partners, former iGate CEO V Chandrasekaran and PS Pai of Murugappa Group.

This is Bessemer Venture Partners India’s first investment in a pure fintech company in the country.