When was Perfios founded?

Perfios was founded in 2008 and became a unicorn in 2024, reaching the milestone in 16 years. It raised its 1st funding round 1 year after its incorporation.

Where is Perfios located?

Perfios is headquartered in Bengaluru, India. It is registered at 3rd Floor, ABR Emerald, Plot No.D 8, Street No.16, MIDC, Andheri East, Mumbai, Chakala Midc, Mumbai, Mumbai, Maharashtra, India, 400093.

Which legal entities is Perfios associated with?

Perfios is associated with PERFIOS SOFTWARE SOLUTIONS PRIVATE LIMITED and 1 other.

How many employees does Perfios have?

As of Aug 31, 2025, the latest employee count at Perfios is 1042.

Is Perfios a funded company?

Perfios is a funded company, having raised a total of $435M across 15 funding rounds to date. The company's 1st funding round was a $103K Angel round, raised on Jul 06, 2009.

How much is Perfios worth?

The latest valuation of Perfios is $1.17B as of May 20, 2025.

When was the latest funding round of Perfios?

Perfios' latest funding was a $18.8M Series D round on Apr 25, 2025, with participation from 2 investors.

What is the annual revenue of Perfios?

Annual revenue of Perfios is between ₹500 Cr and ₹1,000 Cr as on Mar 31, 2025

Is Perfios a Insurance IT company?

The primary sectors of Perfios are Insurance IT, Banking Tech, Cybersecurity and Image Recognition.

Where does Perfios rank among its competitors?

Perfios ranks 42nd amongst 2044 active competitors, of which 335 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Chainalysis, which secured an undisclosed amount in Oct, 2025.

Who are the top competitors of Perfios?

Perfios' top competitors include ComplyAdvantage, Riskified and Entrust. Among them, Chainalysis secured the most recent funding round in October, 2025.

Perfios - 2026 Company Profile, Team, Funding, Competitors & Financials

Perfios is a series D company based in Bengaluru (India), founded in 2008 by Velamur Rangachari Govindarajan and Debasish Chakraborty. It operates as a Provider of software solutions for financial institutions to automate origination, onboarding, decisioning, underwriting, and monitoring processes. Perfios has raised $435M in funding from investors like Bessemer Venture Partners, Warburg Pincus and Ontario Teachers' Pension Plan, with a current valuation of $1.17B. The company has 2044 active competitors, including 335 funded and 244 that have exited. Its top competitors include companies like ComplyAdvantage, Riskified and Entrust.

Sectors and market segments that Perfios operate in

Perfios serves in the FinTech, InsurTech, High Tech market segments.The primary business model of Perfios are:

Company Details

Provider of software solutions for financial institutions to automate origination, onboarding, decisioning, underwriting, and monitoring processes. The platform offers a comprehensive suite of tools for document analysis, identity verification, fraud detection, and credit assessment, enabling financial organizations to streamline operations and enhance decision-making efficiency.

Website: perfios.ai
Social
Email ID: *****@perfios.com
Registered Address: 3rd Floor, ABR Emerald, Plot No.D 8, Street No.16, MIDC, Andheri East, Mumbai, Chakala Midc, Mumbai, Mumbai, Maharashtra, India, 400093

Key Metrics

Founded Year

2008

Location

Bengaluru, India

Stage

Series D

Total Funding

$435M in 15 rounds

Latest Funding Round

Series D, Apr 25, 2025, $18.8M

Post Money Valuation

$1.17B as on May 20, 2025

Investors

Bessemer Venture Partners & 32 more

Ranked

42^nd among 2044 active competitors

Annual Revenue

₹500 - ₹1,000 Cr as on Mar 31, 2025

Employee Count

1,042 as on Aug 31, 2025

Investment & Acquisitions

IHX & 2 more

Similar Companies

ComplyAdvantage & 1555 more

View Perfios' full profile

Perfios is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
PERFIOS ACCOUNT AGGREGATION SERVICES PRIVATE LIMITED CIN: U74999KA2017PTC107213 , India, Active	Oct 16, 2017	0 - ₹10 Cr (As on Mar 31, 2025)	16 (As on May 01, 2026)
PERFIOS SOFTWARE SOLUTIONS PRIVATE LIMITED CIN: U72200MH2008PTC404503 , India, Active	May 29, 2008	₹500 - ₹1,000 Cr (As on Mar 31, 2025)	1033 (As on May 31, 2026)

Perfios has raised a total funding of $435M over 15 rounds. Its first funding round was on Jul 06, 2009. Its latest funding round was a Series D round on Apr 25, 2025 for $18.8M. 2 investors participated in its latest round. Perfios has 8 institutional investors and 25 angel investors.

Here is the list of recent funding rounds of Perfios:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 25, 2025	$18.8M	Series D	$1.18B	13.1x	Bessemer Venture Partners	Sanjay Kalra
Mar 13, 2024	$80M	Series D	$994M	13.4x	Ontario Teachers' Pension Plan	-
Sep 11, 2023	$4.16M	Series D	$904M	15.2x	-	Kedaara, Warburg Pincus, Bessemer Venture Partners, 1000632564 Ontario

Access funding benchmarks and valuations. Sign up today!

View details of Perfios's funding rounds and investors

The founders of Perfios are Velamur Rangachari Govindarajan and Debasish Chakraborty. Nitin Chugh and Sabyasachi Goswami are the CEOs of Perfios.

Here are the details of Perfios' key team members:

Velamur Rangachari Govindarajan: Co-Founder & Director of Perfios and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 email address and 2 phone numbers
Debasish Chakraborty: Co-Founder of Perfios and founder of 1 other company.
Sabyasachi Goswami: CEO of Perfios.
Contact Info: 1 email address

Perfios' Board of Directors

Perfios's board has 8 active members. Debasish Chakraborty, Velamur Rangachari Govindarajan and Vishal Vijay Gupta are part of team and Nishant Sharma, Ram Narayanan Colathur, Darius Dhunjishaw Vakil, Varun Telaprolu and Rama Subramaniam Gandhi are independent board members.

Here is the list of Perfios' board of directors:

Name	Type	Representing	Status	Duration
Debasish Chakraborty	Team	-	Current	18y 5m
Velamur Rangachari Govindarajan	Team	-	Current	18y 5m
Vishal Vijay Gupta	Investor	-	Past	8y 10m
Nishant Sharma	Independent board member	-	Current	2y 4m
Ram Narayanan Colathur	Independent board member	-	Current	6y 9m
Darius Dhunjishaw Vakil	Independent board member	-	Current	2y 7m
Rama Subramaniam Gandhi	Independent board member	-	Current	6y 9m
Varun Telaprolu	Independent board member	-	Past	2y 8m

View details of Perfios's Founder profiles and Board Members

Perfios' employee count trend

Perfios has 1,042 employees as of Aug 25. The total employee count is 2.0% lower than what it was in Aug 24. Here is Perfios's employee count trend over the years:

Uncover Perfios' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Perfios include ComplyAdvantage, Riskified and Entrust. Here is the list of Top 10 competitors of Perfios, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	ComplyAdvantage 2014, London (United Kingdom), Series C	Cloud-based AML solutions	$171M	Ontario Teachers' Pension Plan, Index Ventures ... & 47 others	77/100
2nd	Riskified 2013, New York City (United States), Public	AI-based payment fraud prevention solutions for e-commerce solution	$232M	Founder Collective, Genesis Partners & 22 others	74/100
3rd	Entrust 1969, Dallas (United States), Acquired	Provider of identity-centric security solutions, including issuance and data protection	-	Thoma Bravo, Neuberger Berman Capital Solutions ... & 2 others	74/100
4th	Drata 2020, San Diego (United States), Series C	Risk assessment and management solutions for enterprises	$328M	Notable Capital, Iconiq Capital & 25 others	73/100
5th	Quantexa 2016, London (United Kingdom), Series F	Provider of decision intelligence software for connecting fragmented enterprise data	$545M	GIC, Dawn Capital & 14 others	73/100
6th	Chainalysis 2014, New York City (United States), Series F	Blockchain data platform providing crypto insights	$538M	GIC, Benchmark & 47 others	72/100
7th	Mantra Softech 2006, Ahmedabad (India), Series A	Biometrics-based security and surveillance solutions	$14.2M	India SME Investments, Motilal Oswal Financial Services ... & 2 others	72/100
8th	HyperVerge 2014, Bengaluru (India), Seed	Provider of end-to-end KYC software and identity verification solutions	$1.55M	New Enterprise Associates, IKP Knowledge Park ... & 6 others	72/100
9th	NICE Actimize 1999, Hoboken (United States), Acquired	Provider of AI-driven anti-money laundering and fraud detection solutions	$24M	Giza Venture Capital, FTV Capital & 3 others	72/100
10th	AuthBridge 2005, Gurugram (India), Series B	Provider of identity verification, employee screening, and due diligence platform	$11.2M	Phi Capital, Infinity Alternatives & 47 others	72/100
42nd	Perfios 2008, Bengaluru (India), Series D	Provider of software solutions for financial institutions to automate origination, onboarding, decisioning, underwriting, and monitoring processes	$435M	Innoven Capital, Stride Ventures & 31 others	64/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Perfios's competitors? Click here to see the top ones

PERFIOS SOFTWARE SOLUTIONS PRIVATE LIMITED, the legal entity associated with Perfios, generated between ₹500 Cr and ₹1,000 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of PERFIOS SOFTWARE SOLUTIONS PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 24% in the last 1 year.

Financial Statement Summary

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Income Statement
Revenue	7040	4247	9888	6054	8494
Total Sales	7268	4908	8738	5378	2433
Total Expenses	6114	7825	3597	7966	9007
Operating Expenses	4133	5058	7806	2261	5599
Employee Expenses	5850	5867	8548	9673	8343
Marketing Expenses	2580	6590	6114	6115	4065
Operating Income (EBIT)	9289	3222	9057	5508	3808
Interest Expenses	3661	6358	3869	3292	3688
Expenses from other activities	4565	6463	4801	2867	8123
EBITDA	7788	7642	2433	3215	2119
Taxes	1211	5974	1157	3270	6380
Net Profit	2519	4771	2167	7660	1784
Balance Sheet
Assets	5633	4657	6847	4274	8770
Cash Equivalent	8235	7977	8804	1113	2453
Accounts Receivables	5360	3582	5526	5346	9673
Inventory	9868	5336	9327	4197	1902
Liabilities	5744	7087	7306	6632	8792
Total Debt	3892	4863	4437	6572	6780
Accounts Payable	7181	7177	6632	4776	7697
Equities	3281	1339	5130	5920	2922
Cashflow Statement
Cash from Operating activities	3863	9868	2585	1563	2673
Cash from Investing activities	5669	9282	7099	9165	9698
Net cash from Financing activities	9854	4666	7431	3907	7911

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders own 9.43%, Funds (largest shareholder) own 76.45%, Angels own 3.42% and Other People own 1.38%. The net worth of Perfios's founders is INR 947Cr as of May 20, 2025. The cap table displayed below is for PERFIOS SOFTWARE SOLUTIONS PRIVATE LIMITED which is the legal entity associated with Perfios.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	9.43%	947Cr	2694022	2478808	8992199	2201987
Velamur Rangachari Govindarajan	9649	4951	8195	2405	6833	2667
Debasish Chakraborty	8316	1693	9229	7024	9438	8226
Fund	76.45%	7,670Cr	2974660	7271096	8405095	3544601
Bessemer Venture Partners	1831556	7170450	8687787	8131475	8617752	4710915
Warburg Pincus	4341412	6508679	2112265	8317323	5380961	3996957
Kedaara	1557951	6084582	6947747	3699563	1553336	5999957
Ontario Teachers' Pension Plan	287	287	288	971	720	507
Innoven Capital	0	0	0	0	0	0
Angel	3.42%	343Cr	782	574	237	265
Sanjay Kalra	5	5	2	3	3	8
Gaurav Samdaria	0	0	0	0	0	0
Omkar Shirhatti	0	0	0	0	0	0
V.Chandrasekran	0	0	0	0	0	0
P Surendra Pai	0	0	0	0	0	0
Ashish Gupta	0	0	0	0	0	0
Ravi Sundararajan	0	0	0	0	0	0
Nimish Dwivedi	0	0	0	0	0	0
Other People	1.38%	138Cr	3	6	3	7
ESOP Pool	9.31%	934Cr	7040579	1995708	7110351	9158526
Total	100.00%	10,000Cr	6388308	6865634	9259719	2231746

Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.

Disclaimer

Perfios has made 1 investment in InstaFinancials and acquired IHX and Clari5.

Here is the list of these investments and acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Apr 28, 2025	Acquisition	IHX	2009	Bengaluru (India)
Feb 07, 2025	Acquisition	Clari5	2006	Bengaluru (India)
Jul 31, 2018	Investments	InstaFinancials	2016	Bengaluru (India)