India’s Perfios hits $2bn valuation after Series C close

India-based Perfios, which builds financial statement analysis software, has reportedly reached a valuation of more than $2bn.

This has come after the close of its Series C funding round on $70m, according to a report from Inc 42.

Contributions to the round came from Warburg Pincus and Bessemer Venture Partners, with Inc 42 estimating Warburg has deployed $55m of the total capital injection.

It also claims Perfios could potentially raise $40m in debt funding later this year.

Perfios builds customised solutions for data aggregation and analytics to improve real-time decisioning for businesses. Its software is used for consumer lending, wealth management, SME lending, account aggregation, embedded finance and credit assessment.

It has presence around the world, including in Ireland, Slovakia, Saudi Arabia, UAE, India, Thailand, Indonesia, Kenya, South Africa and many other locations.

The FinTech company previously raised $50m in its Series B round back in 2019.

Earlier this month, fellow Indian FinTech company Niyo raised $100m for its Series C funding round. The company offers neo-banking services, including a digital salary solution. It is exploring the launch of a host of other tools, including personal loans, credit cards, integrated forex and more.

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