# Perfios Software Solutions Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/perfios-software-solutions-private

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.perfios.com/
- Total disclosed funding: $166M
- Latest round: Series D (Oct 5, 2023)
- Investors on record: 3

## About

Perfios Software Solutions Private Limited, based in India, specializes in delivering advanced technological solutions for the financial services sector, emphasizing digital onboarding, risk assessment, and fraud detection to enhance operational efficiencies.Founded in 2008 and headquartered in Bangalore, India, Perfios Software Solutions Private Limited offers a range of solutions for the financial services industry. Debasish Chakraborty and V. Govindarajan established the company to address the evolving needs of financial entities. In March 2024, Perfios raised USD 80 mn in Series D funding from Teachers' Innovation Platform, marking a significant milestone in their growth journey. The company has successfully completed 15 deals to date and is valued at USD 1,000 mn.Perfios Software Solutions Private Limited focuses on providing cutting-edge technological solutions for the financial services industry, including digital onboarding, underwriting, risk assessment, and fraud detection. Their AI-driven Operating System enhances application and approval processes for financial services, improving customer experiences while ensuring fraud protection. Their offerings cater to a wide array of clients, such as banks, fintech firms, and insurance providers, facilitating seamless operations across numerous sectors. Key products include the Document Analyser and OneSDK platform, which are essential in automating processes and improving customer engagement.In 2022, Perfios Software Solutions Private Limited reported a revenue of USD 18,322,046.10. The company generated this revenue primarily through subscription-based models and partnerships with financial institutions. The services are offered directly to enterprises, allowing clients access to critical financial tools for a predetermined fee. Performance in 2022 included an EBITDA of USD -1,104,677.70, indicating challenges in profitability during that year.Perfios Software Solutions Private Limited plans to leverage the recent Series D funding of USD 80 mn to enhance its global footprint and expand into new markets. The funding will support the development of new products aimed at improving their technological offerings. The company is focusing on growth in regions such as Southeast Asia while seeking to enhance its service offerings to better meet market demands. This strategy aims to solidify their position in the financial services industry and drive sustainable long-term growth.

## Funding rounds

- Series D, Oct 5, 2023, $41M — Kedaara Capital
- Series C, Mar 3, 2022, $69M — Warburg Pincus, Bessemer Venture Partners
- Series B, Nov 19, 2019, $50M — Warburg Pincus, Bessemer Venture Partners
- Series A, Mar 30, 2017, $6.3M — Bessemer Venture Partners

## Investors

- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B, Series C
- Warburg Pincus (https://capitalatlas.ai/funds/warburg-pincus) — Series B, Series C
- Kedaara Capital (https://capitalatlas.ai/funds/kedaara-capital) — Series D