Perfios, a SaaS-based B2B fintech startup, has experienced a significant financial turnaround in FY23, with its revenue soaring to Rs 407 crore. This marks a substantial increase from Rs 136 crore in the previous fiscal year. The growth can be attributed to Perfios' diverse services, catering to various sectors, including consumer lending, SME lending, wealth management, and more. Perfios' success in income analysis, fraud checks, verification, and automated customer onboarding has driven this revenue jump. This achievement follows the startup's successful Series D funding round, in which they raised $229 million, led by Kedaara Capital.

Perfios, the startup, has made strategic acquisitions that contributed to a consolidated profit in FY23. One such acquisition was the fintech startup, Karza Technologies which alone generated Rs 168 crore in revenue and Rs 51 crore in profit after tax. Despite a 2.1X increase in employee benefits expenses, Perfios remained operationally efficient and registered a profit of Rs 7.8 crore in FY23. This is a significant recovery from a Rs 16.8 crore loss in FY22. In preparation for an anticipated IPO within the next 18-24 months, Perfios has made strategic leadership appointments. Sumit Nigam has been appointed as the Chief Technology Officer, while Anu Mathew will serve as the Chief People Officer.

Perfios is a software solutions company that was founded in 2008. It offers services to the banking, financial services, and insurance sectors across 18 countries. Their solutions help these institutions handle various processes such as customer onboarding, decision-making, underwriting, and monitoring efficiently and quickly. They claim to serve over 1,000 financial institutions globally, providing a massive amount of data, which amounts to about 8.2 billion data points annually. This data helps banks and other financial entities make faster decisions. Perfios handles a substantial number of transactions, around 1.7 billion, which amounts to an Asset Under Management (AUM) of $36 billion annually. Recently, Perfios' growth has positively impacted its employees, with a recent ESOP buyback creating 62 millionaires among its workforce.