Perfios secures $80 million in funding from TVG to explore inorganic growth opportunities and international expansion.

Mar 13, 2024•over 1 year ago

Amount Raised

$80 Million

Round Type

series a

BengaluruSoftware

Investors

Teachers’ Venture Growth (Tvg)

Description

Perfios, a B2B SaaS fintech startup, announced a raise of $80 million from Teachers’ Venture Growth (TVG) to fuel inorganic growth opportunities and international expansion, enabling the exploration of adjacent industries like HR and ecommerce.

Company Information

Company

Perfios

Location

Bengaluru, Karnataka, India

About

The Bengaluru-based startup offers a software technology platform to financial institutions, helping them extract, aggregate and analyse financial data to improve credit assessment. In an extraordinary general meeting on February 10, the company also sought the board’s approval to raise Rs 300 crore (roughly $40 million) through issuance of non-convertible debentures. The proceeds of the funding will be used for financing the acquisition of other companies, capital expenditure, and working capital requirements, Perfios said in its regulatory filings.

Related People

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech