Founded in 2008, Perfios is now a billion-dollar B2B fintech platform powering data-driven decisions across the global financial ecosystem. What started as a personal finance tool has evolved into an intelligent data engine serving banks, NBFCs, and insurance companies with secure, AI-powered document analysis and insights. With over 8.2 billion data points processed annually and no security breach to date, Perfios is trusted by top institutions for mission-critical decisions.
The Vision Behind Perfios
Perfios was launched by V.R. Govindarajan (Govi) and Debashish Chakraborty (DChak) to simplify personal finance in India. Drawing from decades of tech experience—Govi at IBM and DEC, and DChak from Aztecsoft—the duo built the first cloud-based, automated personal finance tool in India. Their pivot in 2013 to B2B financial data services set the stage for massive growth. By helping banks decode complex data for income verification, fraud detection, and risk profiling, Perfios created a niche that few others had dared to explore.
Meet the Leadership Team
V.R. Govindarajan, now Executive Chairman, continues to guide the long-term vision. Debashish Chakraborty, though no longer CTO, remains on the board. Sabyasachi Goswami, the current CEO, has 20+ years in fintech and brings strategic leadership from his experience at Symbiosis and Stanford. Rajesh Kini, a Chartered Accountant and ex-Infosys CFO, manages the company’s financial health as it scales globally. With new talent like Sumit Nigam (ex-Tata Digital) as CTO, Perfios is prepared for the next phase of technological innovation.
Business Model and Growth Strategy
Perfios operates a SaaS-based B2B model tailored for financial institutions. It offers:
- Document processing and categorization using AI/ML
- Real-time income and employment verification
- Fraud detection and risk insights
- No storage of personal/account data, ensuring privacy Its tools help lenders and banks fast-track loan approvals, credit scoring, and compliance without manual interventions. Perfios also empowers companies with lead generation and customer acquisition insights, leading to shorter sales cycles and higher conversions.
Scaling Impact and Technology
Perfios now handles 1.7 billion+ transactions annually and manages over $36 billion in assets through its platform. Its advanced analytics platform processes structured and unstructured data from diverse formats, regional languages, and encrypted files to deliver actionable insights. The launch of Perfios Insights transformed how banks verify customer data for credit decisions. It can integrate seamlessly with core banking systems, CRMs, and third-party APIs—making it indispensable to India’s digital lending infrastructure.
Future Plans and Global Expansion
Looking ahead, Perfios is upgrading its document processing platform with enhanced machine learning models to improve fraud detection and decision accuracy. It plans to:
- Expand across Southeast Asia, the Middle East, and Africa
- Drive digital transformation for NBFCs and fintech partners
- Create localized solutions for multi-lingual, regional datasets With a strong product foundation and customer trust, Perfios is positioning itself as a global fintech intelligence leader.
Wrapping Up
The story of Perfios is one of clarity, focus, and technology-driven purpose. Starting as a personal finance app, it has grown into a $1 billion fintech force, transforming how the world’s financial institutions understand and use data. With a trusted leadership team, robust infrastructure, and unmatched data security, Perfios continues to set new standards in financial innovation—showing that with the right vision, data truly becomes power.
Frequently Asked Questions (FAQs)
Q1. What services does Perfios offer?
Perfios provides AI-powered data aggregation, income verification, fraud detection, and document processing for banks, NBFCs, and insurance firms.
Q2. How does Perfios ensure data security?
Perfios does not store personal or account-specific data. With zero data breaches since inception, it maintains top-level data privacy and compliance standards.
Q3. What makes Perfios unique in the fintech industry?
Perfios excels in converting unstructured financial documents into structured insights at scale, handling multiple languages, formats, and encrypted content using its proprietary tech stack.
Q4. What is Perfios' business model?
Perfios uses a SaaS-based B2B model, charging institutions based on API usage, volume of data processed, and product suites deployed.
Q5. What are Perfios' future plans?
Perfios plans to expand globally, enhance fraud detection capabilities with AI, and provide multilingual support for regional financial markets in Asia and Africa.