Perfios bags $229m in Series D funding led by Kedaara Capital
By Gloria Mathias
Perfios, India’s B2B SaaS FinTech company has announced that Kedaara Capital, a private equity investor, will invest $229 million in its Series-D funding round, through the combination of a primary fund raise and a secondary sale.
Perfios plans to deploy the funds to continue global expansion plans in North America and Europe. The company also plans to invest in new-age technologies to enhance its comprehensive stack of Decision Analytics SaaS products to solve the entire end-to-end customer journey across banking, insurance, and embedded commerce.
Nishant Sharma, Founder and Managing Partner, Kedaara Capital, said, “Led by one of the strongest teams in the space, Perfios has created truly the best-in-class FinTech SaaS business that plays on the strong secular growth and increasing digitization levels in the financial services sector in India and globally. Their pioneering approach has led to a strong positive flywheel effect that will help the company maintain its market-leading position, and we are excited to partner with them.”
Sabyasachi Goswami, CEO, Perfios, shared, “Since our inception in 2008, Perfios has consistently led the way as a category-creating leader in the SaaS space. I am filled with immense gratitude and excitement to have led this journey with our 1000+ trusted partners. This investment will help us strengthen the digital transformation journey of our partners, thereby powering financial inclusion and providing access to financial services to billions across the globe. We are very happy to have Kedaara Capital as a new investor and thankful to Bessemer Venture Partners and Warburg Pincus for their continued support and confidence in us.”
R. Govindarajan, Co-Founder and Chairman, Perfios, commented, “Every step of Perfios’ journey has been shaped by the collective passion of our team. This funding underscores not just our achievements and the tireless dedication of our employees, but also our commitment to employee wealth creation through ESOPs. With gratitude and renewed passion, we’re poised to continue our transformative journey, championing innovation in the financial sector.”
Kedaara is an operationally oriented private equity firm pursuing control and minority investment opportunities in India.
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