TLDR:
Perfios, a SaaS fintech firm, raised $80 million from Teachers’ Venture Growth to expand internationally and explore inorganic growth opportunities. The investment will be used to enhance the company’s tech stack and strengthen global presence.
Perfios, a B2B SaaS fintech company, secured an $80 million investment from Teachers’ Venture Growth (TVG) for international expansion and inorganic growth opportunities.
Summary:
The article discusses how Perfios, a B2B SaaS fintech company, received a substantial investment of $80 million from Teachers’ Venture Growth (TVG) to support its international expansion and explore inorganic growth opportunities. Perfios plans to use the funds to strengthen its global footprint and invest in its comprehensive tech stack, enabling the company to power end-to-end customer journeys across banking, insurance, and embedded commerce. The investment from TVG reflects Perfios’ strong growth prospects and leading role in the growth and digitization of financial services in India.
With established market leadership in India and a growing presence in Southeast Asia, the Middle East, and Africa, Perfios aims to continue its international expansion and solidify its position as a trusted partner to leading financial institutions worldwide. The article highlights the significance of this investment in Perfios’ continued growth and success, with Darius Vakil, Director at TVG, India, set to join the company’s board as the nominee of Ontario Teachers’ Pension Plan.
Overall, the investment from TVG is expected to accelerate Perfios’ digital transformation journey, facilitate financial inclusion, and provide access to financial services to a broader audience globally, underlining the company’s commitment to enhancing its offerings and expanding its market presence.
