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Friday, April 7, 2017

Perfios raised $6.1 million from Bessemer Venture Partners

Bangalore based Perfios Software Solutions Pvt. Ltd has raised $6.1 million (Rs 40 crore) in its Series A round from Bessemer Venture Partners. The company said it will use the funds for global expansion, team ramp-up and potential acquisitions.

Also read: Whatfix raised $3.6 mn from Stellaris and others


Perfios co-founder and director VR Govindarajan said, We are looking to beef up our sales and marketing efforts as part of our international push. Besides India, Perfios works with clients in the UAE and Southeast Asia. We are looking to strengthen our presence in these markets. Second, we aim to strengthen our engineering team with some senior recruits, and opportunistically look at some acquisitions in the technology space.

Perfios is a technology platform catering to structured and unstructured data. After extracting data, it analyses them and builds vertical applications that can be directly used by banks, non-banking financial companies, money managers and others. In short, Perfios helps financial institutions in real-time decision-making, analysis and credit underwriting.

Perfios has 55 employees and it has various clients like HDFC Bank, Axis Bank, Yes Bank, Bajaj Finserv and Lendingkart etc. Perfios works on the recurring-revenue model, where it charges a one-time cost to customers and also gets a transaction fee on an ongoing basis.

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