What Perfios Software Solutions does

Perfios Software Solutions is a Bangalore-headquartered B2B SaaS fintech founded in 2008 by V.R. Govindarajan and Debasish Chakraborty that provides an AI-driven technology platform for the global banking, financial services, and insurance (BFSI) sector. The company serves over 1,100 financial institutions across 18+ countries — including major Indian banks (HDFC, ICICI, SBI, Axis, Kotak Mahindra, Bank of Baroda, IDFC First), large NBFCs (Bajaj Finserv, Tata Capital, Lendingkart), insurers (Bajaj Allianz, Prudential, Manulife), and fintech platforms (Paytm, Flipkart, Mashreq) — and processes more than 2 billion transactions and approximately $3 trillion in loans annually. Perfios reportedly powers nearly 90% of India's digital loans and holds ISO/IEC 42001:2023 AI management certification alongside UIDAI OVSE authorization, positioning it as critical infrastructure for the Indian digital lending ecosystem.

The product portfolio is organized into five integrated suites: Perfios Analyse (document processing for bank statements, ITR, GST, payslips, and financial statements), Perfios Verify (KYC/KYB, video KYC, liveness detection, OCR, and digital signature), Perfios Lens (credit intelligence including CAM AI, Garner collections optimization, PFM, and LeadGen), Perfios Protect (fraud detection through TrustArmour, document tamper checks, and deepfake detection), and the Perfios DPI Stack (Account Aggregator ecosystem gateway via FIU++/FIP++/PCG). Underlying capabilities include 500+ APIs, a 30-million MSME business database aggregated from 900+ official sources, and a GenAI Intelligence Stack launched in 2025 covering domain-aware chatbot, document processing engine, AI gateway, and medical claims adjudication. Newer launches include KScan AI (2026), Journey Builder (2026 low-code platform), DPDP Suite (2026 consent governance), Switch (2025 mortgage platform), and Perfios Credit Assist (2026 GenAI underwriting).

Perfios monetizes primarily through annual enterprise SaaS subscriptions with usage-based API transaction fees, supplemented by implementation and integration services; pricing is quote-based and not publicly disclosed. The company pursues an enterprise direct-sales motion targeting BFSI institutions globally, supported by regional offices in Dubai, Singapore, and across Southeast Asia, the Middle East, Africa, and Europe. With FY25 operating revenue of ₹669.5 crore (~$78.3M), 46% YoY profit growth to ₹104.3 crore (~$12.2M), and a $1B+ unicorn valuation achieved in 2024, Perfios combines organic platform development with an aggressive M&A program — having acquired Clari5 (fraud detection), CreditNirvana (debt collections), and IHX (healthcare claims) within 60 days in 2025, and pursuing Karza Technologies in 2026 — to position itself as a full-stack TechFin operating system for global financial services.

Name

Perfios Software Solutions

Legal name

Perfios Software Solutions Private Limited

Website

https://perfios.ai

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Perfios Software Solutions is a Bangalore-based B2B SaaS fintech providing AI-driven credit decisioning, onboarding, KYC, fraud detection, and open banking platforms to 1,100+ financial institutions across 18+ countries, processing 2 billion+ transactions and $3 trillion in loans annually.

Ownership category

akta.pro rank

Product category

BFSI Technology / Fintech SaaS

NAICS

Software Publishers (513210), Credit Bureaus (561450)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

SME Credit Risk, Underwriting & Financial Data (B2B Fintech Data/Decisioning) (FSAGAJAM)

akta.pro secondary industry

Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN)

Keywords

• B2B fintech SaaS
• Digital lending automation
• Identity verification
• Fraud detection platform
• Open banking infrastructure

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices14 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. SaaS/B2B Software Subscriptions: Core SaaS business providing B2B software solutions to financial institutions with subscription-based pricing for platforms and APIs
2. API Transaction/Usage Fees: Usage-based API access fees for document analysis, verification, and data services
3. Professional Services: Implementation and integration services for enterprise customers

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Perfios Software Solutions builds and sells an AI-driven B2B SaaS platform that powers credit decisioning, identity verification, fraud detection, document analysis, collections and open banking for banks, NBFCs, insurers and fintechs. The platform is delivered through 75+ products and 500+ APIs that financial institutions embed into their lending, onboarding and compliance workflows across 18+ countries.

Product overview

Perfios Software Solutions is a B2B SaaS TechFin company providing an AI Operating System for BFSI with 75+ platforms and products organized into five integrated suites: Perfios Analyse (document processing and analysis), Perfios Verify (identity verification), Perfios Lens (credit intelligence), Perfios Protect (fraud detection), and Perfios DPI Stack (open banking). The platform supports 500+ APIs enabling 2+ billion annual transactions across 1,000+ financial institutions in 18+ countries. Key products include KYC/KYB, VKYC, OCR, Bank Statement Analyser, GST Analyser, ITR Analyser, CAM AI (85% faster underwriting), Journey Builder (low-code journey orchestration), KScan AI (30M business database), TrustArmour (fraud prevention), and the GenAI Intelligence Stack. Recent acquisitions include Credit Nirvana (debt management), Clari5 (fraud detection), and IHX (healthcare claims), extending capabilities into debt collections, anti-fraud, and insurance claims automation.

Differentiator

Problem solved

Functional benefit

Brands

• Credit Nirvana: AI-powered debt management and collections platform managing over $9 billion across 42 million loan accounts
• Clari5
• IHX

Products and services

• Perfios Analyse Document processing suite that digitizes, extracts and analyzes data from bank statements, ITR, GST, payslips and financial statements to generate actionable reports for credit decisioning, sold to banks, NBFCs and fintechs.
• Perfios Verify Comprehensive identity verification suite including KYC/KYB, video KYC, liveness detection, OCR and digital signature capabilities for seamless customer onboarding of financial institutions and other regulated businesses.
• Perfios Lens AI-driven intelligence suite for smart credit decisioning combining financial data aggregation, risk scoring, collections efficiency, MSME lead generation and credit assessment modules for banks and lenders.
• Perfios Protect Intelligent fraud detection suite that protects financial institutions against identity theft, account takeover, synthetic fraud, deepfakes and health insurance fraud using AI and behavioural analysis.
• Perfios DPI Stack Digital Payments Infrastructure stack enabling open banking ecosystem connectivity through the Account Aggregator framework, including FIU++ for consent-driven data retrieval and PCG for embedded finance lending.
• Perfios Platforms Enterprise platforms including iAdore for insurance underwriting, InteGreat for end-to-end digital lending and OneVigil for background verification, sold as integrated offerings to BFSI customers.
• Perfios Hub Self-serve API marketplace with free sandbox access that lets developers discover, test and integrate Perfios' 500+ APIs covering KYC, document analysis, fraud detection and credit workflows.
• Credit Nirvana AI-powered B2B debt management and collections platform, acquired by Perfios in March 2025, that manages a portfolio exceeding $9 billion across 42 million loan accounts.
• Clari5 Real-time anti-financial crime platform acquired by Perfios in February 2025 that processes over 10 billion transactions monthly across cards, UPI and internet banking channels for fraud detection and prevention.
• IHX Healthcare information exchange platform acquired by Perfios in April 2025 that processes over 40% of India's cashless health insurance claims, handling more than 10 million transactions and $1 billion in claims annually across 30,000 hospitals.
• Journey Builder AI-powered low-code platform that enables financial institutions to design, build and optimize end-to-end customer product journeys without coding, reducing turnaround time by 60% and engineering effort by 70%.
• KScan AI AI-powered KYC, KYB and business due diligence platform that covers 30 million Indian businesses aggregated from 900+ official sources, enabling lenders to generate MSME leads and conduct due diligence at scale.
• Perfios Credit Assist GenAI-powered underwriting assistant that helps credit teams accelerate loan decision-making through AI-driven document analysis and insights.
• Perfios DPDP Suite Unified consent governance and DPDP Act 2023 compliance platform that integrates data discovery, consent management, data principal rights and compliance reporting for enterprises in financial services, healthcare, hospitality and retail.
• Switch AI-powered mortgage operations platform launched at Dubai FinTech Summit 2025, offering automated lead and form management, AI-driven proposal generation, eligibility calculations and real-time reporting for mortgage lenders; first deployed with Lion Mortgage in the UAE.
• GenAI Intelligence Stack GenAI-powered suite for BFSI combining a domain-aware chatbot, document processing engine, AI gateway and medical claims adjudication system, sold as a single stack to banks and insurers.

Quantifiable outcome

• 80% higher conversion rate for digital lending
• +13 more outcomes

Named customers28 records

Segments10 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability12 records

Feature10 records

Partnerships

Eight partnerships are on record, tiered core and strategic.

• UIDAI (Unique Identification Authority of India)coreTechnology or Integration · 1 February 2026Government body that certified Perfios as Offline Verification Seeking Entity (OVSE), enabling offline Aadhaar-based identity verification. Perfios is among only 17 certified companies in India.
• Karza Technologies (Proposed Acquisition)strategicStrategic or Co-development Partner · 25 January 2026Mumbai-based banking and financial intelligence solutions provider. Proposed acquisition for approximately INR 600 crore to create synergies in credit decisioning, onboarding automation, and fraud prevention.
• MashreqstrategicTechnology or Integration · 15 May 2025Regional bank in UAE partnering with Clari5 (Perfios subsidiary) to launch GenAI-powered fraud detection platform, expanding Perfios' Middle East footprint.
• Lion MortgagestrategicChannel Partner/ Reseller/ Distributor · 14 May 2025First UAE customer for Perfios' 'Switch' AI-powered mortgage operational platform launched at Dubai FinTech Summit 2025.
• IHX (Healthcare Information Exchange)coreStrategic or Co-development Partner · 1 April 2025Healthcare information exchange platform acquired to expand into health insurance claims automation. IHX processes over 40% of cashless health insurance claims in India, handling 10+ million transactions and $1B in claims annually.
• CreditNirvanacoreStrategic or Co-development Partner · 11 March 2025AI-powered B2B debt collection startup acquired to enhance Perfios' debt management capabilities, improve recoveries, reduce frauds, and maximize portfolio performance in BFSI segment. Now operates as Credit Nirvana subsidiary with portfolio exceeding $9 billion.
• Clari5 (CustomerXPs)coreStrategic or Co-development Partner · 1 February 2025Anti-financial crime platform acquired to strengthen Perfios' fraud detection capabilities. Clari5 processes over 10 billion transactions monthly and serves banks globally.
• VisastrategicGTM or Marketing Partner · 1 January 2023Selected for Visa Accelerator Program 2023 focusing on open banking, embedded finance, and payments innovation in Asia Pacific.

Scale indicators15 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Setu (by Pine Labs): Indian API-first fintech infrastructure platform offering account aggregator, KYC, payments, and lending APIs to banks and NBFCs. Closest direct competitor to Perfios in India — same AA-economy FIU positioning, same B2B SaaS GTM, same target customers (HDFC, ICICI, Axis, etc.), and now part of Pine Labs' broader stack.
• IDfy: Mumbai-based identity verification and background-check platform serving banks, NBFCs, and fintechs with video KYC, OCR, and fraud-detection APIs. Direct competitor in Perfios's KYC/KYB verification suite and BFSI customer base.
• Signzy: Bengaluru-based digital onboarding infrastructure provider offering video KYC, eKYC, eSign, and AI-based verification to banks and NBFCs. Direct rival in video KYC, onboarding automation, and banking compliance workflows.
• Karza Technologies: Mumbai-based banking-intelligence and onboarding data provider (~₹600 Cr proposed acquisition by Perfios) serving BFSI with KYC, due-diligence, and decisioning APIs. Currently a direct competitor being absorbed into Perfios; illustrates the consolidating competitive landscape.
• Provenir: US-headquartered AI risk-decisioning platform serving banks, fintechs, and lenders globally with credit underwriting, fraud, and AML capabilities. Highly comparable to Perfios's CAM AI, Perfios Lens, and Perfios Protect suites in functionality and enterprise GTM, though more global/non-India in focus.
• Bureau: Singapore-headquartered identity-verification and fraud-prevention API provider serving fintechs and banks globally. Comparable to Perfios's TrustArmour, liveness detection, and KYC/KYB offerings across emerging markets, including SEA where Perfios is also expanding.

Broad incumbents

• FICO: Global incumbent in credit scoring, decisioning platforms, and fraud analytics serving banks and lenders worldwide. Overlaps with Perfios's CAM AI and credit-risk prediction capabilities but operates as a broader portfolio across enterprise credit decisioning rather than India-first BFSI infrastructure.
• CRIF High Mark Credit Information Services: One of India's licensed credit bureaus and a broader credit-information/decisioning player. Adjacent to Perfios's credit-data aggregation and underwriting workflows; a regulator-licensed incumbent Perfios integrates with as well as competes against in select data-product lines.
• Mastercard (Decisioning & Open Banking): Global payments and identity/data-services incumbent with Finicity open-banking and risk-decisioning offerings. Represents the cross-border competitive threat to Perfios in account aggregation, identity verification, and BFSI analytics.
• Onfido (Entrust): Global identity-verification provider (now part of Entrust) offering KYC, AML, and biometric authentication APIs to banks and fintechs. Comparable to Perfios's liveness detection, OCR, and AI ID-verification products, particularly for Perfios's international expansion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights8 records

Customer concentration

• Xx.com/perfios
• YouTubeyoutube.com/@Perfios
• Facebookfacebook.com/Perfios
• LinkedInlinkedin.com/company/perfios
• Instagraminstagram.com/perfios_software

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds7 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Perfios Software Solutions