Perfios raises $50 million from Warburg Pincus, Bessemer

BENGALURU: Bengaluru-based fintech software company Perfios has raised close to $50 million in its Series B round from a clutch of PE investors, led by Warburg Pincus and Bessemer Venture Partners. The mix of primary and secondary capital has given an exit to some of its angel investors.

Perfios is a credit decisioning and analytics company that works with over 200 banks, non-bank lenders and fintech startups. The company’s core technology platform helps in the aggregation and analysis of financial data such as bank statements, tax data and business financials to help generate a wide range of reports across credit assessment, monitoring, fraud and banking data aggregation. Lenders access these reports to help them evaluate a loan applicant better.

“We will utilise the funds raised in three core areas — tech innovation, developing new offerings, international expansion by strengthening our presence in the Middle East, North Africa and Southeast Asia and in exploring potential acquisitions,” said Govindarajan, director, Perfios.