FinTech: Kedaara Capital Invests $229M In Indian B2B SaaS Fintech Perfios

September 11, 2023 | FinTech, News, Venture Capital

The Perfios Series D round was a combination of a primary fund raise and a secondary sale.

Perfios, a prominent B2B SaaS fintech company in India, announced that Kedaara Capital, a leading private equity investor, is set to invest a substantial $229 million in the company through a combination of primary funding and a secondary sale. This marks one of the most substantial investments in an Indian B2B SaaS company for the year.

Perfios, already a market leader in India with a strong presence in the Middle East and Southeast Asia, plans to utilize these funds to fuel its global expansion efforts in North America and Europe. Additionally, the company aims to invest in cutting-edge technologies to enhance its Decision Analytics SaaS products. These enhancements will enable it to provide comprehensive solutions covering the entire customer journey across sectors like banking, insurance, and embedded commerce.

The founders and leadership of Kedaara Capital emphasized Perfios’ strong position in the fintech SaaS sector and its ability to capitalize on the growing digitization trends in financial services.

Sabyasachi Goswami, the CEO, highlighted his company’s commitment to digital transformation, financial inclusion, and expanding access to financial services globally.

With a history of strong financial performance, including impressive year-over-year revenue growth, the fintech is well-positioned to continue its global expansion. The company’s presence in 18 countries and its focus on innovation underscore its commitment to the financial sector’s evolution.

This investment reaffirmed the confidence of key investors like Bessemer Venture Partners and Warburg Pincus, who have supported Perfios in earlier rounds.

Related Story: Kenyan Fintech M-Kopa Nabs over $250M In Debt And Equity Funding

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