Fintech SaaS Startup Perfios Appoints CTO, CPO As Part Of Its IPO Plans

Fintech SaaS startup Perfios has appointed Sumit Nigam as chief technology officer (CTO) and Anu Mathew as chief people officer (CPO) as part of its initial public offering (IPO) plans.

The startup said the leadership appointments are part of its strategic preparation for its public listing over the next 18-24 months. 

Nigam, who assumed the role of CTO in July, has over two decades of experience in technology leadership. Nigam earlier worked with organisations like BigBasket, Walmart Global Tech, Informatica, and Dell EMC. 

In his new role, he will be instrumental in guiding the startup’s technological advancements with a focus on enhancing its comprehensive suite of SaaS products, Perfios said in a statement.

Meanwhile, Debashish Chakraborty, cofounder of Perfios who served as CTO for 15 years, will now transition to a more strategic position within the company while retaining his board membership. In his new capacity, he will offer counsel on technology initiatives and provide guidance to the tech team led by Nigam.

Commenting on his appointment, Nigam said, “I am thrilled to become a part of Perfios’ journey at this crucial juncture. Perfios has been at the forefront of numerous innovations in the fintech space, and there are vast opportunities for bringing in the next set of disruptions that can empower our customers in different ways…” 

On the other hand, Mathew’s career spans over two decades, marked by her successful scaling of startups and tenure with global organisations. She has previously worked with Pine Labs, QwikCilver, HCL, and GE.

Having lived and worked in both India and England, Mathew brings extensive experience in building global teams and collaborating with founders and leaders to create high-growth, sustainable organisations with a positive team culture, the statement said.

Founded in 2008 by VR Govindarajan and Chakraborty, Perfios is a B2B and B2C startup that provides software solutions to financial institutions for credit decisioning, analytics, onboarding automation, due diligence, among others. The startup has a presence in 18 countries and works with over 1,000 financial institutions. It offers over 75 products and platforms and over 500 APIs.

Last month, the startup raised $229 Mn in its Series D funding round from Kedaara Capital in a mix of primary and secondary sale.

Earlier this month, Perfios conducted ESOP buyback worth INR 154 Cr, which, it said, created 62 millionaires.

In September this year, Perfios acquired Chennai-based open finance platform Fego.ai. Prior to that, Perfios acquired Karza Technologies in 2022 and FinTechLabs in 2019.