* Our Parent Company Crypto Token is LIVE!!! *Flag Token

Indian FinTech Perfios Hits Unicorn Status

Date:

Share post:

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…

Read more…

Related articles

Who’s Coughing Up Crypto Winter Dollars for Super Bowl Ads?

Permissionless is the brainchild of Blockworks and Bankless. Over 5,500 people attended the inaugural event in 2022, making...

White House Asks for Public Comments on Crypto Assets, Blockchain Technology and Decentralized Finance

The Biden Administration is asking the public how they feel about digital assets and blockchain technology as a...

Three Unique Embedded Fintech Distribution Models Growing Fast

Embedded financial services– whereby any company layers financial services into its offering – is all the rage in...

Uniswap moves onwards and upwards as increasing dominance spills into this area

Uniswap’s NFT aggregator registered a sharp uptick in sales volume and active users. Native token UNI jumped by 3.61%...