You can be on Entrepreneur’s cover!

B2B SaaS Startup Perfios Raises USD 80 Mn from Teachers' Venture Growth The Bengaluru-based startup will deploy the funds to explore inorganic growth opportunities and in its tech stack to power the end-to-end customer journeys across banking, insurance, and embedded commerce.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Sabyasachi Goswami, CEO, Perfios/LinkedIn

B2B SaaS fintech startup Perfios announced the raising of USD 80 million funding from Teachers' Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers' Pension Plan.

In September last year, It received USD 229 million in its Series D round led by private equity investor Kedaara Capital through a combination of primary and secondary sale.

According to the official release, the business intends to explore inorganic growth opportunities while strengthening its worldwide presence and pursuing further international expansion. Additionally, it will keep making investments in their comprehensive tech stack to support the end-to-end client journey across banking, insurance, and embedded commerce.

Sabyasachi Goswami, CEO, Perfios, said, "Our business has been seeing steady growth year-on-year, with consistent improvement in the bottom line. This investment will further help us in strengthening the digital transformation journey of our partners, thereby powering financial inclusion and providing access to financial services to billions across the globe."

Founded in 2008, Perfios is a global B2B SaaS company serving the banking, financial services and insurance industry in 18 countries, empowering more than 1000 financial institutions.

It claims to deliver 8.2 billion data points to banks and financial institutions every year to facilitate faster decisioning, and processes 1.7 billion transactions a year with an AUM of USD 36 billion.

Kelvin Yu, Senior Managing Director and Head of Teachers' Venture Growth in Asia, said, "We are excited about the growing opportunities within the B2B enterprise tech space in India, and we believe Perfios is a best-in-class fintech-focused SaaS player. Perfios continues to invest behind its market-leading tech stack, adding new use cases that enable the company to be the trusted partner of choice to leading financial institutions globally."

Entrepreneur Staff

Entrepreneur Staff



You Won't Have a Strong Leadership Presence Until You Master These 5 Attributes

If you are a poor leader internally, you will be a poor leader externally.


94% of Customers Say a Bad Review Made Them Avoid Buying From a Brand. Try These 4 Techniques to Protect Your Brand Reputation.

Maintaining a good reputation is key for any business today. With so many people's lives and shopping happening online, what is said about a company on the internet can greatly influence its success.

Business News

Samsung Makes 6 Day Workweeks Mandatory for Executives as the Company Enters 'Emergency Mode'

Samsung said its performance "fell short of expectations" last year. Now executives are required to work weekends.

News and Trends

IT Firm Happiest Minds Technologies Acquires Macmillan Learning India

The deal will likely be finished by April 30 and will cost INR 4.5 crore.

Resumes & Interviewing

Build a Better Resume with This $35 Subscription

AI Resume Builder promises to help you apply to jobs twice as fast.

Starting a Business

6 Effective Funding Strategies for Startups

Navigating startup financing is complex. Entrepreneurs find themselves at the crossroads of innovation and survival, where a single decision can either fuel their dreams or extinguish their aspirations. Here we look at six ways you can finance your startup to support your business for long-term success.