Perfios, a B2B SaaS fintech business, recently held an ESOP (employee stock ownership plan) buyback, returning equity shares worth Rs 154 crore to 135 of its loyal team members. As a result, sixty-two people can now proudly claim the title of a millionaire. What's more, 80 percent of the recipients are women, making this accomplishment a significant testament to gender inclusion and wealth sharing.

Sabyasachi Goswami, CEO of Perfios, expressed his joy, saying, "It's truly gratifying to see the Perfios Millionaire Club grow and thrive alongside the company's growth". The buyback reinforces our commitment to creating a work climate in which everyone can flourish. Perfios made certain that opportunities for financial advancement were available to people from all departments and socioeconomic backgrounds. The Perfios Millionaire Club now has a diversified group of 135 employees, both current and previous team members.

Some of the longest-serving staff, covering both core and non-core roles such as administrative and data processing, profited the most. These dedicated employees have seen their profits increase 30-fold, demonstrating the significant benefit of the ESOP buyback. The company's longstanding dedication to wealth creation and distribution was underscored by V R Govindarajan, Co-Founder and Chairman of Perfios, who stated, "Our goal has always been to create wealth and share the wealth, and we firmly stand by it". This is not a novel concept for us. It's a routine we've followed over the years.

Perfios has fostered an entrepreneurial culture through a variety of events, including hackathons and ideathons. The company is committed to doubling its sales growth by the end of the current fiscal year. This goal is fuelled by measures to strengthen its footprint in the Middle East and North Africa (MENA) and Southeast Asia (SEA) areas, while also growing into North American and European markets.

Perfios has received $229 million in funding from Kedaara Capital to help it meet these ambitious growth goals and strengthen its decision analytics SaaS offerings. This considerable investment will be utilized to investigate new technologies and improve existing product offerings. Perfios was founded in 2008 and has offices all around the world. It provides a comprehensive range of over 75 products and platforms, as well as over 500 APIs. Perfios supports a diverse range of industries, including banking, financial services, and insurance, spanning 18 countries and in collaboration with over 1,000 financial institutions. The company's software platforms and technologies are vital in optimizing onboarding, decision-making, underwriting, and monitoring operations at scale.