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Perifos Funding: Raised $50m Series B

Perifos funding

Perifos Funding: Series B: 50 Million Dollars

Perfios Software Solutions has raised 50 million dollars in Series B funding led by an affiliate of private equity funds managed by Warburg Pincus LLC and Bessemer Venture Partners. The funds from the series B round will be utilised for continued technology innovation, international expansion, and potential acquisitions, it added.

Perifos’ core technology platform helps in the aggregation and analysis of financial data such as bank statements, tax data, and business financials to generate reports across the areas of credit assessment, monitoring, fraud, and banking data aggregation.

As per the about us of Perifos website:

Perfios is the leading product technology company in the FinTech space enabling Financial Institutions in realtime decisioning, analysis and credit underwriting. Perfios helps in banks statement analysis (APIs and portal), e-verification, financial analysis, Fraud check, Form 26AS, ITR, PAN, Personal Finance Management APIs etc. Perfios currently works with 100+ clients including Banks, NBFCs, Digital Lending platforms, Mutual Fund Companies, Insurance companies etc., in India and abroad.

Perifos was founded by VR Govindarajan and Debashish Chakraborty, Co-founders of Aztecsoft, which was acquired by Mindtree.

Shishir Gupta, the CEO of StartupLanes says:

As Perifos is a fintech company, it will continue it’s rapid growth. There is a strong demand for financial data through the data science and analytics techniques used by Perifos. It helps in the aggregation and analysis of financial data such as bank statements, tax data, and business financials to generate reports across the areas of credit assessment, monitoring, fraud, and banking data aggregation that is the requirement of financial sector.

At the time of writing this article, Perifos has 213 employees listed at LinkedIn.

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