Perfios Software Solutions
Founded 2008 · 1,605 employees on LinkedIn · 6 known investors
Perfios is an AI operating system that provides software products and APIs for banks, NBFCs, fintech companies, and insurance firms to automate credit decisioning, customer onboarding, document verification, and fraud detection. The company serves financial services institutions globally with embedded finance solutions and claims processing for the insurance sector.
Also known as Perfios · Perfios Software Solutions Private Limited · Perfios Software Solutions Pvt Ltd
Founders & leadership
Investors · 6
Also in the syndicate · 3
Funding
SEC filings, press & company announcements- Undisclosed amountSeries DFeb 2026
Kedaara Capital (lead), Bessemer Venture Partners, Teachers’ Venture Growth, Warburg Pincus
Source ↗ - Undisclosed amountSeries DSep 2023
Kedaara Capital (lead)
Source ↗ - Undisclosed amountSeries CFeb 2022
Bessemer India, Warburg Pincus
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Perfios Software Solutions is a Bengaluru-headquartered B2B SaaS company serving the banking, financial services and insurance (BFSI) sector. Its software shapes origination, onboarding, decisioning, underwriting and monitoring processes for financial institutions, and it positions its offering as an AI operating system for banks, NBFCs, fintechs and insurers.
The product portfolio is organised into several suites: Perfios Analyse (document analysers for bank statements, ITR, GST, payslips, credit card statements and financial statements), Perfios Verify (KYC/KYB, video KYC, liveness detection, OCR, video PD, compliance checks, ID verification and digital signature), Perfios Lens (Garner, PFM, CAM, LeadGen, due diligence including legal and criminal diligence, and kscan AI), Perfios Protect (document tamper and behavioural checks, TrustArmour, health insurance fraud detection, deepfake detection), a DPI stack (FIU++, FIP++, PCG) and platforms such as iAdore, InteGreat, OneVigil, Perfios Hub, Acclaim, consent management, Nexus 360, Credit Assist and a journey builder. InteGreat is described as a configurable end-to-end digital platform for customer onboarding, verification and loan origination and processing; OneView supports MSME lead generation, compliance checks, due diligence and onboarding against a pre-verified database of 30 million businesses; and Acclaim applies AI analytics to health claims processing, including knowledge-graph-based predictive fraud modelling for claims adjudication.
The company states it has more than 75 products and platforms and over 500 APIs, and that it delivers 8.2 billion data points a year to banks and financial institutions.
Founding story
The company was established in 2008 by V.R. Govindarajan and Debashish Chakraborty; its first offering was the consumer-oriented Perfios Finance Manager, followed by a pivot into B2B software with the Bank Statement Analyser in 2012.
Business model
Enterprise B2B SaaS: Perfios licenses software products, platforms and APIs to financial institutions, which embed them into origination, onboarding, decisioning, underwriting, monitoring and claims workflows.
Revenue is generated from software-as-a-service sold to banks, insurers and financial services firms; management has said adjacent industries could contribute close to 10% of revenue over the following two to three years.
Traction
More than 1,000 financial institutions as customers (up from 100+ customers in 2016 and 500+ in 2018), operations in 18+ geographies, 75+ products and platforms, 500+ APIs, and 8.2 billion data points delivered annually. Cumulative funding is stated by the company at $435.1 million.
Latest developments
Perfios made three acquisitions announced in 2025: fraud detection platform Clari5 (February), debt management platform CreditNirvana (March) and healthcare claims exchange IHX (April), each continuing as a wholly owned subsidiary. In March 2026 the company appointed former State Bank of India deputy managing director Nitin Chugh as group CEO and managing director, with Sabyasachi Goswami continuing to lead core business operations. The company has been reported as preparing for a domestic IPO.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Described as an Indian unicorn and one of the larger BFSI-focused SaaS vendors in India, with more than 1,000 financial institution customers across 18-plus countries and backing from Warburg Pincus and Bessemer Venture Partners.
Breadth of an integrated BFSI stack — 75+ products and 500+ APIs spanning document analysis, verification, due diligence, fraud protection, account-aggregator infrastructure and claims automation — combined with long-standing enterprise deployments and coverage across 18+ geographies.
Technology
AI-based data extraction and analysis of financial documents (bank statements, tax returns, GST filings, payslips, financial statements), identity verification and liveness/deepfake detection, knowledge graphs for predictive insurance fraud modelling, and account-aggregator/DPI components (FIU++, FIP++). Delivery is through products, platforms and more than 500 APIs.
Go-to-market
Direct enterprise sales to financial institutions with demo requests through the website, country-specific presence across Asia, the Middle East and Africa, thought-leadership content including the FINteraction podcast and blogs, and expansion through acquisitions of adjacent capability providers.
Banks, NBFCs, digital lending platforms, fintechs, insurers, payments companies, securities and investment firms, e-commerce marketplaces, legal and gaming companies; use cases span retail and MSME lending. Named users include Security Bank Corporation (Philippines), InCred Financial Services, UGRO Capital, Karur Vysya Bank, Axio and Techcom Bank.
Geography
Headquartered in Bangalore, India, with a presence in 18+ countries. The website lists India, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Thailand, Hong Kong, Bangladesh, UAE, Egypt, Kenya and Ireland; the company is registered as an electronic system operator with Indonesia's Ministry of Communication and Information. Coverage cites customers in India, the Middle East and Southeast Asia, with stated plans to enter the US and European markets.
History
Founded in 2008 by V.R. Govindarajan and Debashish Chakraborty, Perfios launched its first product, Perfios Finance Manager, in 2009 and its first B2B product, the Bank Statement Analyser, in 2012. It passed 100 customers in 2016, raised a $6.1M Series A in 2017, reached 500+ customers in 2018 and acquired Fintech Labs in 2019. A $50M Series B followed in 2020 and a $70M Series C in 2022, alongside the acquisition of Karza Technologies. A $229M Series D came in 2023, the year it crossed 1,000 customers, and an additional $80M was raised in 2024 at unicorn valuation. In 2025 the company acquired fraud detection platform Clari5, debt management platform CreditNirvana and healthcare information exchange platform IHX. Leadership changes included the appointment of Rajesh Kini as CFO in 2024 and Nitin Chugh as group CEO and managing director in 2026.
Risks & controversies
Reported considerations of a domestic IPO of about $500 million at a potential $2 billion valuation remain plans rather than completed transactions, and coverage has referenced an industry-wide BFSI slowdown affecting the company's market. Integration of three acquisitions completed within a short period, each operating as a separate subsidiary, adds execution complexity.
Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 10
launches, deals, and filingsFormer State Bank of India deputy managing director Nitin Chugh became group CEO and MD; Sabyasachi Goswami continues to lead core business operations.
IHX, founded in 2020, connects healthcare providers and payors for real-time digital claims processing; it continues as a wholly owned subsidiary with roughly 100-150 employees operating independently.
Collections and debt management platform CreditNirvana operates independently as a wholly owned subsidiary, helping banks and NBFCs streamline loan recovery and reduce delinquencies.
Clari5, with 200 employees, became a Perfios subsidiary, strengthening the company's fraud management offering and its presence in the banking sector globally.
Former Infosys executive Rajesh Kini, with about 25 years of financial leadership experience, joined as chief financial officer.
Adobe India's BFSI head joined as CBO as the company prepared for a domestic IPO and international growth.
Warburg Pincus-backed Perfios raised $80 million from TVG, reaching unicorn valuation; the company was also weighing a domestic IPO of about $500 million at a potential $2 billion valuation and planning entry into the US and European markets.
$80M source ↗
Buyback applied to shares held by 135 employees, of whom 62 were reported to become millionaires.
$18.5M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 6
primary sources listed
- Perfios Software Solutionsperfios.com · web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Perfios Software Solutions do?
- B2B SaaS provider of onboarding, credit decisioning, underwriting and fraud-detection software for banks, NBFCs and insurers.
- Who are Perfios Software Solutions's investors?
- Perfios Software Solutions's investors include Bessemer Venture Partners, Warburg Pincus, Teachers' Venture Growth.