Indian fintech firm Perfios has successfully secured $229 million in a recent Series D funding round, a move aimed at furthering its expansion into North America and Europe. Kedaara Capital, an Indian private equity firm, led the funding round.
While the round included some secondary sales, the exact amount was not disclosed. Since its establishment 15 years ago, Perfios has raised a total of $384 million through primary and secondary transactions. This funding round, which also involved participation from private equity firms, suggests that Perfios is potentially preparing for an initial public offering (IPO).
The company has operations in 18 different regions and is targeting an IPO within the next 18 to 24 months.
