Perfios, a fintech startup, has raised around $70 million in a Series C round led by Warburg Pincus and Bessemer India. In November 2019, the Bengaluru-based startup raised $50 million in a Series B round led by Warburg Pincus and Bessemer Venture.
According to Perfios’ regulatory filings, the company has passed a special resolution to allot 416,336 Series C preference shares at an issue price of Rs 12,610 per share to raise Rs 525 crore ($70 million). In this round, Warburg has put in Rs 412.5 crore, while Bessemer has put in Rs 112.5 crore.
In addition, Karza Technologies founders Omkar Shirhatti, Gaurav Samdaria, and Alok Kumar have received 495,069 optionally convertible preference shares from the company.
The Bengaluru-based startup aids in the aggregation and analysis of financial data such as bank statements, tax data, and business financials in order to generate reports in the areas of credit assessment, fraud, and banking data aggregation.
In India and abroad, the company has over 100 large clients in various domains such as banks, NBFCs, digital lending platforms, mutual fund companies, insurance companies, and human resources. It has a presence in 18 countries and works with over 200 banks, NBFCs, and fintech firms.
Perfios operating revenue remained stable during the financial year 2021, decreasing 2% to Rs 72.5 crore in FY21 from Rs 74.02 crore in the preceding fiscal year (2020). The startup’s expenses increased around 4% to Rs 108.6 crore in FY21 from Rs 104.5 crore in FY20. Parfois had posted a loss of Rs 32.65 crore during the fiscal year 2021, which increased nearly 20% from Rs 27.32 crore in FY20.
