Perfios, a B2B SaaS fintech company, bagged USD 229 million in Series D funding round from Kedaara Capital. The funding will include combination of a primary fund raise and a secondary sale. This marks one of the largest investments in an Indian B2B SaaS company this year.
Perfios, has a strong footprint in the Middle East and Southeast Asia. According to a statement, it plans to deploy the funds in fueling its continued global expansion plans in North America and Europe. The company also plans to invest in new-age technologies to enhance its comprehensive stack of Decision Analytics SaaS products to solve the entire end-to-end customer journey across banking, insurance, and embedded commerce.
On signing the definitive agreement with Perfios, Nishant Sharma, Founder and Managing Partner, Kedaara Capital, said, “Led by one of the strongest teams in the space, Perfios has created truly the best-in-class fintech SaaS business that plays on the strong secular growth and increasing digitization levels in the financial services sector in India and globally. Their pioneering approach has led to a strong positive flywheel effect that will help the company maintain its market leading position, and we are excited to partner with them.” Kartikeya Kaji, Managing Director, Kedaara Capital further added, “We look forward to using our operational expertise and deep connectivity in the financial services and technology spaces to help support the company in this next phase of its growth journey.”
Currently, it has a footprint in 18 geographies, Perfios continues to expand their business in global markets.
With Bessemer Venture Partners joining in 2017 during the Series A round and Warburg Pincus in 2019’s Series B, Perfios has garnered significant backing from these esteemed investors over the years. On the new round of investment, Vishal Mahadevia, Managing Director & India Head, Warburg Pincus, said “Having been a part of Perfios’ journey from its early stages, we continue to be impressed by the Company’s relentless drive, customer-centricity and innovation. Their commitment to revolutionizing the financial services sector has been unwavering, and this new round of funding further solidifies our belief in their vision. As Perfios continues to redefine the industry, we’re proud to reaffirm our support and look forward to the company scaling even greater heights in the future.”
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