Priya Patel
TLDR:
- Perfios, India’s leading B2B SaaS FinTech company, secures $80m in funding from Teachers’ Venture Growth.
- The investment will support Perfios’ international expansion and enhancement of its tech stack.
Perfios, India’s premier FinTech SaaS innovator, has successfully raised $80m in a funding round led by Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm of the Ontario Teachers’ Pension Plan. The investment marks a significant endorsement of Perfios’ market leadership in India and its expansion across South-East Asia, the Middle East, and Africa. The funding will be used to strengthen Perfios’ global footprint and enhance its tech stack to support customer journeys in banking, insurance, and embedded commerce.
Operating in 18 countries and serving over 1,000 financial institutions, Perfios offers state-of-the-art software platforms and products that accelerate access to credit and financial services. With 75+ products and platforms and 500+ APIs, Perfios revolutionizes processes such as origination, onboarding, decisioning, underwriting, and monitoring, allowing financial institutions to operate at unparalleled scale and speed.
Highlighting the strategic partnership, Ontario Teachers’ senior managing director and head of India, Deepak Dara, expressed excitement in collaborating with Perfios. The investment in Perfios aligns with their strategy of supporting businesses with strong growth potential and a competitive edge in the digital transformation of financial services.
