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India based credit decisioning and analytics company which works with over 200 banks, non-bank lenders and fintech startups has raised $50m in its Series B round led by Warburg Pincus and Bessemer. The mix of primary and secondary capital also has given an exit to a few of its angel investors.
“We will utilise the funds raised in three core areas –continued technology innovation, developing new offerings, international expansion by strengthening our presence in the Middle East, North Africa and Southeast Asia and in exploring potential acquisitions,” said Govindarajan, Director, Perfios. “We will also work closely with regulators in building a secure ecosystem through emerging initiatives such as NBFC Account Aggregator and the Personal Data Privacy Bill.”
