13 March 2024 – Perfios, a SaaS fintech startup based in Bengaluru, has achieved unicorn status with an $80 million investment from Teachers’ Venture Growth (TVG), the late-stage venture arm of Ontario Teachers’ Pension Plan. Founded in 2008, Perfios focuses on fintech software solutions and has garnered attention with its recent funding milestone.
Backed by Warburg Pincus, Perfios has been steadily growing its presence in the fintech landscape. With plans for an initial public offering (IPO) in India, potentially raising $500 million at a valuation of $2 billion, the company is poised for significant expansion. Additionally, Perfios aims to venture into the US and European markets in 2024, reflecting its ambitious growth strategy.
The $80 million investment not only propels Perfios to unicorn status but also enables it to explore acquisitions and expand internationally. With a focus on enhancing its tech infrastructure for customer service management across various sectors, Perfios aims to drive financial inclusion and broaden access to financial services globally.
Conclusion:
Perfios’ journey from its inception in 2008 to achieving unicorn status underscores its resilience and innovative approach in the fintech sector. The investment from TVG signifies confidence in Perfios’ vision and potential for future growth. As the company prepares for its IPO and international expansion, it remains committed to driving digital transformation in the financial landscape and empowering individuals and businesses with innovative solutions.
