The funding season is going on and Start-ups are gearing up to raise funds, while some are struggling to raise fund as the funding spree is slowing down and few Start-ups moving ahead to become Unicorns.
Here is Perfios the B2B SaaS firm who raised $80 m from Teachers Venture Growth (TVG) at a valuation of over $1 billion, joining the ranks of Unicorn Start Up. And Perifios becomes the second in line of Unicorn after Krutrim, the AI venture lead by Bhavesh Agarwal.
The B2B SaaS Startup ecosystem expands with Perfios venture funding and is a startling example. Perfios is the based in Bangalore and deals into servicing the banking , insurance and financial in 18 countries.
The tech-powered platform of Perfios helps mostly financial organizations scale up their business and various processes like onboarding, monitoring, and underwriting.
Expansion plan of Perfios
Perfios plans to expand its global footprint and already has a presence in Southeast Asia, the Middle East, and Africa. The company is now in its 17th year and plans to have inorganic growth in the form of acquisitions, partnerships, and the digital transformation journey of partner organizations.
Perfios will continue to invest in a comprehensive tech stack to power end-to-end customer journeys. The company claims to deliver 8.2 billion data points to banks and financial institutions every year to facilitate faster decision making. It also processes 1.7 billion transactions a year and has assets under management (AUM) of $36 billion.
Sabyasachi Goswami, CEO, Perfios said “our business has been seeing steady growth year on year with consistent improvement in the bottom line”. The investment will further help us in strengthening the digital transformation journey of our partners, empowering with financial requirements and services. To billions across the globe.”
