TVG-Backed Perfios Ropes In Former Infosys Executive Rajesh Kini As CFO

Fintech SaaS startup Perfios has roped in Rajesh Kini as its chief financial officer to drive the company’s overall growth.

This appointment comes just months after Perfios turned unicorn earlier this year. In March, the startup raised $80 Mn (INR 663 Cr) from new investor Teachers’ Venture Growth (TVG) that catapulted the company’s valuation to more than $1 Bn mark.

In his new role, Kini, who had served at Infosys as CFO of its product subsidiary and led the corporate accounting group, will oversee Perfios financial operations and governance.

His extensive financial expertise and strategic acumen are well aligned with Perfios’ vision and financial strategy for sustainable growth, the company said in a statement.

With over two decades of experience managing the financial operations of global IT services companies, Kini’s leadership will be instrumental as Perfios is focussing on its global expansion plans, it added.

“ Kini’s deep financial expertise and proven leadership in driving growth and financial efficiency will be instrumental as we embark on our next phase of expansion. His strategic insights and experience will greatly enhance our financial strategy and help us achieve our vision of transforming the financial technology landscape both in India and globally,” said Sabyasachi Goswami, CEO of Perfios.

Over the past year, Perfios 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.

“Perfios is a remarkable made-in-India-for-the-world brand that exemplifies the potential of our innovations in the financial sector. The company’s achievements in the financial technology domain are outstanding, demonstrated by their strong collaborations across all major BFSI institutions in the country. I look forward to working with the talented team at Perfios to further optimize our financial efficiency, enhance financial governance, drive strategic investments and maintain sustained profitability and growth for the future,” Kini said.

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 November last year, 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.