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Fintech Perfios raises $70 mn, joins unicorn club

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Perfios has become a unicorn after the fintech platform raised nearly $70 million from existing investors ,Warburg Pincus and Bessemer Venture Partners, in a Series C round, the company’s filings with the corporate affairs ministry showed.

Unicorns are privately-held startups valued at $1 billion or more. Perfios, run by Perfios Software Solutions, is the second Indian startup, after open source platform Hasura, to turn unicorn this week. The Bengaluru-based platform also became the 10th unicorn of 2022 and the first fintech unicorn this year.

Perfios did not disclose its valuation in the latest funding round. According to VCCircle estimates, the latest fundraise values the startup at $4.05 billion.

An email sent to Perfios did not elicit an immediate response.

News website Inc42 reported the story first and pegged the company’s valuation at more than $2 billion.

Perfios said, in its regulatory filing, that it will use the fresh capital to further grow its business, which includes…

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