Perfios, India’s largest SaaS-based B2B Techfin company, has secured $229.0 million in its Series D funding round. The investment, led by Kedaara Capital, marks the largest fundraise among Indian B2B SaaS companies for the financial year 2023-2024. This significant capital infusion underscores investor confidence in Perfios' market leadership and its innovative technology solutions for the financial services sector.
Headquartered in Bangalore, Perfios specializes in empowering over 1000 financial institutions to make informed decisions in real-time. Its comprehensive suite of services includes real-time credit decisioning, analytics, onboarding automation, due diligence, and monitoring. The company's core data platform is designed to aggregate and analyze both structured and unstructured data, providing vertical solutions that combine consented and public data specifically for the BFSI space, meeting stringent requirements for scale, performance, and security.
This latest Series D round contributes to Perfios' total funding, which now stands at $435.1 million. Prior to this, Perfios raised $70 million in a Series C round from Warburg Pincus and Bessemer Venture Partners in February 2022. More recently, in March 2024, Perfios secured an additional $80 million from Teachers’ Venture Growth, the late-stage venture and growth investment arm of the Ontario Teachers’ Pension Plan. The company plans to strategically deploy the newly raised capital to accelerate its growth initiatives, enhance its technology platform, and expand its market reach.
In line with its growth strategy, Perfios has also made strategic acquisitions to strengthen its position across the fintech value chain. In 2025, the company acquired IHX, a healthcare information exchange platform, and Credit Nirvana, an AI-powered debt collections and recovery platform. These moves, alongside the substantial funding, position Perfios for continued innovation and expansion, aiming to further solidify its leadership in the B2B Techfin sector and drive digital transformation for financial institutions.
