PriyaPatelTLDR: Perfios, an Indian fintech company, is aiming for global expansion and an initial public offering (IPO) in the next 18 to 24 months. Perfios started in 2008 as a tool to provide a single dashboard for managing personal finances. It has since grown to offer a cloud-based personal finance management (PFM) solution, aggregating financial data from various sources to provide a holistic view of individuals’ finances. The company has transitioned from a B2C model to a B2B model, targeting banks and NBFCs. Perfios plans to expand its presence in the US and Europe, and expects this global expansion to contribute to 25% of its overall growth. The company has been profitable for the past five years and is targeting 80% to 100% growth this year.
Perfios believes that innovation is key to solving real-life problems. The company focuses on understanding the challenges faced by businesses in various sectors and creating solutions that mitigate their pain points. It uses technologies like AI and ML to drive innovation and responds to market signals to minimize risks and sustain business growth. Perfios currently operates in around 18 countries and aims to showcase India’s prowess on the global stage.
The company is preparing for an IPO, strengthening its technology and people capabilities. However, its plans are subject to market conditions. Perfios hopes that its global expansion and focus on innovation will contribute to its future success.
