Perfios, India’s leading B2B SaaS FinTech company, 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.
This investment marks a significant endorsement of Perfios’ market leadership in India and its expanding influence across South-East Asia, the Middle East, and Africa. The company is poised to continue its international expansion and strengthen its global footprint, with a keen focus on exploring inorganic growth opportunities. Moreover, the funding will be channelled towards the enhancement of Perfios’ comprehensive tech stack, which powers end-to-end customer journeys across banking, insurance, and embedded commerce sectors.
Perfios stands out as a pioneering force in the FinTech landscape, offering state-of-the-art software platforms and products that empower financial institutions. Operating in 18 countries and servicing over 1,000 financial institutions, the company has significantly accelerated access to credit and financial services. With an impressive portfolio of 75+ products and platforms, and over 500+ APIs, Perfios is revolutionising the origination, onboarding, decisioning, underwriting, and monitoring processes, enabling financial institutions to operate at unparalleled scale and speed.
Highlighting the strategic partnership, Ontario Teachers’ senior managing director and head of India, Deepak Dara said, “We are excited to partner with Govi, Sabya, and their teams at Perfios. Our investment in Perfios is in line with our strategy of backing seasoned and visionary management teams in businesses with strong growth potential and a clear competitive edge. We are believers in the growth of financial services and digitization in India and Perfios – at the intersection of both themes – is positioned to play a pivotal role in the digital transformation of financial services companies in India and beyond.”
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