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Perfios

Category: AI in Fintech

A leading B2B SaaS fintech platform that provides AI-driven real-time credit decisioning, data aggregation, and automated financial analysis for financial institutions. Perfios was founded in 2008. The company is led by Sabyasachi Goswami. Based in Bangalore, India. Team size: 1000-5000. Total funding raised: $464.0M. Latest round: Series D Extension (Mar 2024). Key investors include Warburg Pincus, Bessemer Venture Partners, Kedaara Capital, Teachers' Venture Growth (TVG).

Founded
2008
Headquarters
Bangalore, India
Team size
1000-5000
Total funding
$464.0M

Value proposition

Enables financial institutions to reduce loan turnaround time (TAT) from days to minutes by automating data extraction, verification, and credit risk assessment through AI.

Products and solutions

Journey Builder (AI-powered low-code platform for financial product journeys), Credit Decisioning Engine (Automated underwriting and bank statement analysis), Karza Technologies Suite (Onboarding, KYC, and fraud analytics), Account Aggregation Services (Real-time financial data fetching via AA framework), Perfios Insights (Personal finance management and wealth categorization tools)

Unique value

The company possesses the largest repository of financial data patterns in the Indian ecosystem, allowing its AI to categorize unstructured data with higher accuracy than generic global models.

Target customer

Tier-1 and Tier-2 banks, Non-Banking Financial Companies (NBFCs), digital lenders, insurance providers, and wealth management firms.

Industries served

Banking, Lending (Retail, SME, and Corporate), Insurance, Wealth Management, Fintech

Technology advantage

Combines a low-code environment with proprietary AI/ML models that integrate directly into the 'India Stack' (GST, UPI, and Account Aggregator), allowing for seamless, paperless financial services.

How they differentiate

Perfios differentiates through its massive proprietary data moat, having processed billions of transactions to train high-accuracy AI models for credit decisioning. Its recent launch of 'Journey Builder' provides a unique low-code environment that allows financial institutions to deploy complex digital journeys in weeks rather than months, integrated directly with the India Stack (GST, AA, and UPI).

Main competitors

Lentra, Scienaptic AI, FinBox, Nucleus Software

Key partnerships

Major Financial Institutions (HDFC Bank, ICICI Bank, SBI, etc.), Technology Partners (AWS, Microsoft Azure for cloud infrastructure), Regulatory Ecosystems (Sahamati for Account Aggregator framework), Strategic Investors (Warburg Pincus, Bessemer Venture Partners)

Notable customers

HDFC Bank, ICICI Bank, State Bank of India (SBI), Axis Bank, Bajaj Finserv

Major milestones

Acquired Karza Technologies for $80M in 2022 to bolster KYC and fraud analytics., Achieved Unicorn status following an $80M investment from TVG in March 2024., Launched 'Journey Builder' AI platform in 2024 to automate financial product lifecycles., Expanded global footprint to over 18 countries serving 1,000+ financial institutions.

Growth metrics

Reported ₹570 Cr (approx. $68M) revenue for FY24 with 31% YoY growth; achieved Unicorn status in 2024.

Market positioning

Dominant market leader in the Indian B2B credit decisioning and financial data aggregation space; currently transitioning into a global AI-first SaaS powerhouse.

Geographic focus

India, Southeast Asia, Middle East, and Africa.

Patents and IP

Primarily relies on proprietary trade secrets and closed-source AI algorithms; no specific public patent registrations disclosed in recent filings.

About Sabyasachi Goswami

Sabyasachi Goswami brings over 20 years of deep domain expertise in the BFSI and technology sectors. He was appointed CEO in 2022 after serving as Perfios' Chief Business Officer for over six years, where he was instrumental in the company's 15x growth. His prior career includes a 12-year tenure at Cognizant as Senior Director, and leadership roles at GE Capital and Standard Chartered Bank, focusing on sales strategy, digital transformation, and credit operations.

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