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Indian FinTech Perfios Hits Unicorn Status


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Perfios has raised over $70 million in a Series C round of funding from existing investors Warburg Pincus LLC and Bessemer Venture Partners, putting the Bengaluru, India-based FinTech startup in the unicorn club, Tech Story reported Sunday (Feb. 27).

Perfios didn’t reveal its valuation, but the fresh round, according to VCCircle, has valued the company at $4.05 billion.

According to the release, Perfios will use the money for expanding its operations, capital expenditure, financing acquisitions and working capital.

The company also will raise around $40 million in debt funding this year. And the company previously raised $50 million in its Series B round.

Perfios was founded in 2009. It is an analytics company, operating both in the business-to-business (B2B) and business-to-consumer (B2C) categories. It says it can extract, categorize and analyze thousands of data sets in real time, letting financial institutions make better lending decisions.

The report says Perfios categorizes over 500 million transactions every month and supports 1,700 data formats.

The company says it has…

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