After Top Deck Rejig, Perfios Eyeing Entry Into US Market

Fintech SaaS startup Perfios, which turned unicorn earlier this year after bagging $80 Mn (INR 663 Cr) from Teachers’ Venture Growth, is reportedly in discussions to venture into the US market as part of its expansion plan to drive growth.

It is pertinent to note that over the past year, the company has made three other key appointments, including Sridhar Narayan as chief business officer, Sumit Nigam as chief technology officer and Anu Mathew as chief people officer.

Also, two years back, it appointed Sabyasachi Goswami as its first professional CEO. Meanwhile, in August, the startup also onboarded Rajesh Kini as its chief financial officer.

As per The Arc  analysis, Goswami has been talking up the expansion into the crucial US market since 2023. 

Inc42 has reached out to Perfios for comments on the development. The story will be updated based on the response.

Founded in 2008, by VR Govindarajan and Debasish Chakraborty, Perfios is a credit decisioning and analytics startup which operates in B2B and B2C segments. Currently operating in 18 countries, the company claims to be working with over 1,000 financial institutions.

The company claims to deliver 8.2 Bn data points to banks and financial institutions every year to facilitate faster decisioning.

In September last year, the fintech startup signed an agreement with Kedaara Capital for an investment of $229 Mn in its Series D funding round through a combination of a primary and a secondary sale, making it the biggest raise at that time.

Two months later, the startup turned profitable in the financial year 2022-23 (FY23), posting a consolidated net profit of INR 7.8 Cr on the back of a significant jump in its service income due to strong performance of its India business.