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Perfios Reviews

Bengaluru, Karnataka

4.3/ 5

3 reviews

Perfios Software Solutions Private Limited is a prominent global B2B SaaS and product-technology company specializing in financial technology solutions for the Banking, Financial Services, and Insurance (BFSI) sector. Founded in May 2008 by V.R. Govindarajan and Debashish Chakraborty, the company is headquartered in Bengaluru, Karnataka, India, with additional corporate offices in major hubs like Mumbai and an operational presence spanning 18 countries across the APAC, Middle East, Africa, and European regions. As a category creator and market leader in the fintech space, Perfios specializes in real-time credit decisioning, data analytics, onboarding automation, underwriting, and monitoring. The company has developed an extensible core data platform powered by artificial intelligence and machine learning. This platform aggregates, extracts, curates, cleans, and analyzes both structured and unstructured data from various consented and public sources—such as bank statements and Ministry of Corporate Affairs (MCA) records. By processing billions of data points in real time, Perfios delivers deep vertical insights and comprehensive reports that enable financial institutions to eliminate manual efforts, mitigate risk, and significantly accelerate access to credit. Its extensive product suite includes tools for automated financial statement analysis, digital KYC (VKYC), video personal discussions, fraud prevention (TrustArmour), background verification, and embedded finance solutions. Perfios serves a highly diversified and prestigious client base comprising over 1,000 financial institutions, including large public and private sector banks, progressive non-banking financial companies (NBFCs), insurance firms, and alternate lending agencies. Prominent clients include State Bank of India, HDFC Bank, ICICI Bank, and Axis Bank. The deep integration of its software into client workflows has resulted in a healthy repeat business rate exceeding 90%. To expand its global footprint and product capabilities, Perfios has pursued aggressive inorganic growth, acquiring startups such as Fintech Labs, Karza Technologies, and more recently in 2025, Clari5 (fraud risk management), CreditNirvana (AI-driven debt collection), and IHX (healthcare insurance information exchange). Financially, Perfios operates as a private unlisted company with a robust financial risk profile and strong capital flexibility. As of 2026, the company employs over 2,800 people globally. It has raised approximately $384 million in total funding across multiple investment rounds. Its cap table features prominent global institutional investors, including Bessemer Venture Partners, Warburg Pincus, Kedaara Capital, and Ontario Teachers' Pension Plan, which collectively hold a majority stake of around 80%. For the fiscal year ending March 31, 2025, Perfios demonstrated strong financial health by reporting a consolidated operating income of INR 669.5 crore, reflecting a remarkable four-year CAGR of 74%, alongside an operating profit margin (OPM) of 23.3%. Led by an experienced senior leadership team, the company continues to scale its AI-driven operating systems to modernize financial workflows globally.