Where is Perfios headquartered?

Perfios is headquartered in Bangalore, India. The company has a team of 1000-5000 people.

What does Perfios do?

Perfios operates in the AI in Fintech sector. A leading B2B SaaS fintech platform that provides AI-driven real-time credit decisioning, data aggregation, and automated financial analysis for financial institutions. Enables financial institutions to reduce loan turnaround time (TAT) from days to minutes by automating data extraction, verification, and credit risk assessment through AI.

When was Perfios founded?

Perfios was founded in 2008. It is based in Bangalore, India.

Who is the CEO of Perfios?

Nitin Chugh is the CEO of Perfios. The company was founded in 2008.

Where is Perfios located?

Perfios is headquartered in Bangalore, India.

What funding stage is Perfios at?

Perfios is currently at the Mature stage.

How many employees does Perfios have?

Perfios has approximately 1000-5000 employees.

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 Nitin Chugh. 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 (~$80M) in 2022 for KYC/fraud analytics., Became unicorn Mar 2024 after $80M from Teachers' Venture Growth (OTPP) at >$1B valuation; total funding ~$464M., 2025 M&A: Clari5 (Feb 2025, financial crime), CreditNirvana (Mar 2025, AI debt/collections), IHX (Apr 2025, healthcare claims exchange)., Launched Journey Builder AI low-code platform (announced Jan/Feb 2026)., Appointed Nitin Chugh as MD & Group CEO (Mar 17, 2026); group spans Perfios, Clari5, CreditNirvana, IHX; ~20 countries, 1000+ FIs.

Growth metrics

FY25 operating revenue ₹669.5 Cr (~20% YoY from ₹557.8 Cr FY24); consolidated net profit ₹104.3 Cr (+46% YoY); SaaS/services >95% of operating revenue; unicorn since 2024 (>$1B valuation).

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 Nitin Chugh

Nitin Chugh is a BFSI leader with nearly three decades of experience. Most recently Deputy Managing Director and Head of Digital Banking & Transformation at State Bank of India (led digital transformation and YONO-era initiatives). Previously Managing Director & CEO of Ujjivan Small Finance Bank and Group Head, Digital Banking at HDFC Bank. Appointed MD & Group CEO of Perfios in March 2026 to lead the group including Clari5, CreditNirvana, and IHX.

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Official website: https://perfios.ai