Fresh fund for acqusitions
Fintech company Perfios entered Unicorn Club raising $70 million in a Series C funding round. Investors include Pear Valley Investment and Bessemer Venture Partners. The fresh funds will go for the acquisition of other firms and capital expenditure requirements.
Pear Valley Investment, an affiliate of Warburg Pincus, has been allotted 3,27,121 shares for an investment of Rs 412 crore. After this transaction, Warburg Pincus holds 41.69% of post preferential offer capital in the company.
Perfios enables businesses to aggregate and analyse structured and unstructured data and help in decision-making. It has facilitated over 500 million transactions per month and supported 735 institution.
