Business-to-business SaaS fintech startup Perfios said it has raised $80 million from Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, according to ETtech report.
Perfios plans to utilise the funds to explore inorganic growth opportunities and international expansion and strengthen its global footprint. The startup will invest in a comprehensive tech stack for end-to-end customer journeys across banking, insurance, and embedded commerce.
“Our business has been seeing steady growth year-on-year, with consistent improvement in the bottom line. This investment will further help us in strengthening the digital transformation journey of our partners, thereby powering financial inclusion and providing access to financial services to billions across the globe,” said Perfios CEO Sabyasachi Goswami.
“There are our onboarding and decisioning (decision-making) capabilities being used in HR and ecommerce industries…These (adjacent industries) can be very significant (opportunity), provided we focus on them,” Goswami had said.
Perfios had also secured $229 million from private equity investor Kedaara Capital through the combination of a primary and secondary share sale.
The startup was founded in 2008. Bessemer Venture Partners joined the company’s cap table in 2017 during its Series A round, while Warburg Pincus joined in 2019 during Series B.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.