Perfios nabs $6.1m to crunch data for banks

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fintech insurtech wealthtech regtech ai cybertech esg news

FinTech data startup Perfios has raised $6.1m in a Series A round from Bessemer Venture Partners.

The Bangalore-based company’s platform is designed to turn structured and unstructured data into vertical applications ready for banks and other financial institutions in B2B and B2C use cases.

Perfios aims to help financial institutions in real-time decision making, analysis and credit underwriting with services including banks statement analysis, e-verification, financial analysis and fraud check.

It claims more than 100 clients including banks such as HDFC Bank, Yes Bank and Axis Bank as well as other financial services and FinTech companies.

The Series A is Perfios’ first round from institutional investors with its previously raising approximately $3m across two angel funding rounds.

The company currently employs 55 people and will use the capital to expand its team further and expand into the Middle East and South-East Asia.

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