Perfios Becomes Unicorn, Secures $70 Mn Funding At $2 Bn+ Valuation

Perifos

Fintech startup Perfios to raise $70 million in Series C from existing investors Warburg Pincus and Bessemer Venture Partners at a $2 billion valuation.

Perfios is a credit decisioning and analytics startup that works in both the B2B and B2C markets. The startup claims to extract, categorise, and analyse thousands of data types in real-time, assisting financial institutions in making sound lending decisions. It claims to categorise over 500 million transactions per month, examines 1,700 data formats, and is supported by 735 institutions. Karza Technologies Private Limited was also recently acquired by the startup for more than $80 million. The startup claims to have a global presence in 18 countries, including South Africa, Ireland, the Czech Republic, the United Arab Emirates, Bangladesh, and Indonesia.

Perfios, on a standalone basis, recorded INR 72.5 Cr from its sales in the financial year ending on March 31, 2021. Interestingly its revenue from sales had dropped from the previous financial year, i.e., in FY20 when it posted INR 74 Cr from sales.

In FY21, Perfios posted total revenue of INR 74.5 Cr, a drop from INR 77.5 Cr in FY20.

However, with low income, the startup’s expenses increased to INR 107.4 Cr in FY21 from INR 104 Cr in FY20.

While the startup’s employee benefits expense dropped drastically from INR 70.5 Cr in FY20 to INR 60 Cr, its other expenses rose to INR 43.5 Cr in FY21.

In FY21, the startup’s loss after tax stood at INR 33 Cr, a 23% jump from INR 26.8 Cr in FY20.

Tags : Perfios,Perfios funding,Perfios news

Startups

Perfios Becomes Unicorn, Secures $70 Mn Funding At $2 Bn+ Valuation

Tags : Perfios,Perfios funding,Perfios news

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