IANS | 13 Mar, 2024
B2B SaaS fintech company Perfios has become India's second unicorn of
2024 as it raised $80 million in a new funding round from Teachers'
Venture Growth (TVG), a late-stage venture and growth investment arm of
Ontario Teachers' Pension Plan.
Perfios now valued at more than $1 billion with the new investment, reports TechCrunch.
The
company said that it will be using the new capital for international
expansion and to explore inorganic growth opportunities. It also plans
to go public by next year.
"Our business has been seeing steady
growth year-on-year, with consistent improvement in the bottom line. I
want to extend my heartfelt gratitude to all our partners who have
trusted us throughout our journey," Sabyasachi Goswami, CEO of Perfios,
was quoted as saying.
Bhavish Aggarwal's AI startup Krutrim SI
Designs raised $50 million at a $1 billion valuation last month,
becoming the first unicorn of this year.
Last year, Perfios raised $229 million in its Series D funding from leading private equity investor Kedaara Capital.
Founded
in 2008, Perfios is serving the banking, financial services and
insurance industry in 18 countries, empowering more than 1,000 financial
institutions.
Perfios delivers 8.2 billion data points to banks
and financial institutions every year to facilitate faster decisioning,
and processes 1.7 billion transactions a year with an AUM of $36
billion.
