Perfios secures $80 million in funding from TVG to explore inorganic growth opportunities and international expansion.
Perfios secures $80 million in funding from TVG to explore inorganic growth opportunities and international expansion.
03/13/24, 7:03 AM
Location
bengaluruMoney raised
$80 million
Industry
software
Round Type
series a
Investors
Teachers’ Venture Growth (Tvg)
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 Info
Location
bengaluru, karnataka, india
Additional Info
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.