visimoney
TLDR:
- Perfios, a fintech company, becomes India’s 2nd unicorn of the year with a valuation of over $1 billion.
- The company raised $80 million in funding from Teachers’ Venture Growth.
India-based fintech company Perfios has achieved unicorn status after securing $80 million in funding from Teachers’ Venture Growth, a late-stage investment arm of Ontario Teachers’ Pension Plan. This investment values Perfios at over $1 billion, making it the second unicorn startup in India this year. Perfios offers tech-powered software products to banking, financial services, and insurance sectors across 18 countries, delivering billions of data points annually to help them make informed decisions. The funding will be used to expand Perfios’s global presence and explore potential acquisitions. CEO Sabyasachi Goswami highlighted the company’s focus on digital transformation and financial inclusion globally.
