Perfios joined the Unicorn Club on Mar 13, 2024 after raising an $80 million Series D funding round led by Ontario Teachers' Pension Plan, reaching a $1.01 billion valuation. Headquartered in Bengaluru, Karnataka, India, Perfios provides an AI-driven platform for financial analysis, verification, and decisioning.
The platform offers document analysis, KYC/KYB compliance, fraud detection, risk assessment, digital lending facilitation, customer onboarding, and claims automation across industries. Perfios also provides credit assessment and due diligence tools for financial institutions and businesses.
Keep reading to learn how Perfios became a $1.01 billion leader in AI-powered financial technology.
What Is Perfios and What Does It Do?
Founded in 2008, Perfios is an AI-powered financial technology platform offering document analysis, compliance, risk assessment, and decisioning solutions. The platform supports digital lending, customer onboarding, fraud detection, and claims automation for banks, insurers, and other enterprises.
Perfios integrates AI, machine learning, and image recognition technologies to provide accurate, efficient, and automated financial and risk management solutions.
How Much Funding Has Perfios Raised?
1. Series D Round
- Amount Raised: $80 million
- Date: Mar 13, 2024
- Lead Investors: Ontario Teachers' Pension Plan
- Purpose: Expand AI platform, scale enterprise adoption, and enhance financial decisioning tools
2. Seed Round
- Amount Raised: ~$10 million
- Date: 2008
- Key Investors: Kedaara, early stage investors
- Purpose: Build core AI financial platform and launch initial products
3. Series A Round
- Amount Raised: ~$25 million
- Date: 2012
- Key Investors: Kedaara
- Purpose: Scale platform capabilities and expand customer base
4. Series B Round
- Amount Raised: ~$50 million
- Date: 2015
- Key Investors: Kedaara, institutional investors
- Purpose: Enhance AI algorithms, compliance solutions, and analytics offerings
5. Series C Round
- Amount Raised: ~$98 million
- Date: 2018–2022
- Key Investors: Kedaara, Ontario Teachers' Pension Plan
- Purpose: Expand enterprise adoption, develop advanced ML solutions, and grow market reach
Total Funding Raised: $263 million Latest Funding Date: Mar 13, 2024 Latest Known Valuation: $1.01 billion (₹10,100Cr)
Key Investors
- Kedaara
- Details: Private equity firm investing in high-growth Indian companies
- Focus Areas: Financial technology, AI platforms, and enterprise software
- Ontario Teachers' Pension Plan
- Details: Global investment fund with expertise in technology and growth-stage companies
- Focus Areas: Fintech, enterprise platforms, and scalable AI solutions
Where Is Perfios’s Headquarters?
Perfios is headquartered in Bengaluru, Karnataka, India, serving as the hub for AI development, platform engineering, and enterprise customer support.
What’s Next for Perfios?
Perfios plans to expand AI-driven financial solutions, enhance risk assessment and compliance tools, and grow adoption across banks, insurers, and enterprises. The company is focused on improving automation, accuracy, and operational efficiency in financial decisioning.
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