Perfios, a B2B SaaS fintech company, announced on Monday that Kedaara Capital will invest $229 million in its Series-D funding round through the combination of a primary fund raise and a secondary sale.
Perfios says the funds will be used to facilitate the company’s ongoing plans for global expansion in Europe and North America. The company also plans to invest in advanced technologies to enhance its comprehensive stack of Decision Analytics SaaS products to handle the full end-to-end customer journey across banking, insurance, and embedded commerce.
Nishant Sharma, founder and managing partner, Kedaara Capital, said, “Led by one of the strongest teams in the space, Perfios has created truly the best-in-class fintech SaaS business that plays on the strong secular growth and increasing digitization levels in the financial services sector in India and globally. Their pioneering approach has led to a strong positive flywheel effect that will help the company maintain its market leading position, and we are excited to partner with them.”
“This investment will help us in strengthening the digital transformation journey of our partners, thereby powering financial inclusion and providing access to financial services to billions across the globe,” said Sabyasachi Goswami, chief executive officer of Perfios.