B2B fintech Perfios raises $80 mn from TVG
Live MintFintech startup Perfios on Wednesday said it has raised $80 million from Teachers’ Venture Growth, the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan. "This investment will further help us in strengthening the digital transformation journey of our partners, thereby powering financial inclusion and providing access to financial services to billions across the globe," Perfios CEO Sabyasachi Goswami said in the statement, adding that the business has seen steady year-on-year growth with "consistent improvement in the bottomline." "Our investment in Perfios is in line with our strategy of backing seasoned and visionary management teams in businesses with strong growth potential and a clear competitive edge," said Deepak Dara, senior managing director and head of India at Ontario Teachers’. With growing opportunities within India's B2B enterprise tech space, Perfios will continue to add new use cases that will position the company for stronger growth prospects and become a leading player in digitization of financial services in India and beyond, said Kelvin Yu, senior managing director and head of Teachers’ Venture Growth in Asia.
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