PriyaPatel
TLDR: SaaS fintech firm Perfios raises $80 million from Teachers’ Venture Growth
- Teachers’ Venture Growth (TVG) invests $80 million in Perfios, a B2B SaaS fintech company
- Perfios plans to use the funds for international expansion and exploring inorganic growth opportunities
In a recent announcement, Perfios, a B2B SaaS fintech company, revealed that Teachers’ Venture Growth (TVG) will invest $80 million in the company. This investment will help Perfios in its international expansion efforts and exploring inorganic growth opportunities. Perfios aims to strengthen its global footprint and continue investing in its tech stack to enhance customer journeys across various financial sectors.
The partnership with TVG reflects Perfios’ strong growth prospects globally and its leading role in the growth and digitization of financial services in India. Perfios aligns well with TVG’s strategy of investing in companies that leverage technology to build a compelling value proposition and leading position in the market.
Sabyasachi Goswami, CEO of Perfios, expressed gratitude to partners for their trust and highlighted that the investment will further support partners’ digital transformation journeys, contributing to financial inclusion and access to services globally. Darius Vakil from TVG, India, will join Perfios’ board as a nominee of Ontario Teachers’ Pension Plan.
With backing from investors like Bessemer Venture Partners, Warburg Pincus, and Kedaara Capital, Perfios has seen continued growth and success. The investment from TVG further solidifies Perfios’ position in the fintech space and sets the stage for future expansion and innovation.
