perfios c-suite changes: Fintech firm Perfios rejigs its top deck

Perfios, a Bengaluru-based fintech company, has made a slew of changes to its top deck.

Cofounder Debasish Chakraborty has transitioned from his role as its chief technology officer (CTO) to that of a mentor for the technology team. He will continue to be on its board.

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Sumit Nigam, who was previously the head of engineering at Tata Digital-owned BigBasket, has taken up the role of CTO at Perfios. The company hired Anu Mathew as its first chief human resources head. Mathew was previously the chief people officer at digital payments firm Pine Labs.

The changes are part of the company’s preparation for a public listing over the next 18-24 months as well as global expansion, chief executive officer Sabyasachi Goswami told ET.

Goswami took over as the CEO in August 2022 from cofounder V R Govindarajan, who is currently executive chairman at the firm. Goswami, who had joined the company in 2016, was previously its chief business officer.

“A public listing and global expansion require strengthening the team not only just at a C-suite level, but also across the organisation and that’s why we have hired at multiple levels over the last 12-18 months. It has been a gradual process,” Goswami said.

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Going forward, Perfios, which has around 1,700 employees, could hire more C-suite executives to strengthen the organisation from an IPO perspective, he said. “An organisation needs to be prepared for the multiple facets of a public listing,” he added.The 2008-founded company is a software technology provider to more than 1,000 financial institutions in 18 countries, helping them extract, aggregate and analyse financial data to improve credit assessment. It also helps these institutions create reports and monitor fraud by analysing financial data, including bank statements, taxes and business financials.

Perfios has over 75 platforms and products to help with onboarding, underwriting and monitoring, among other processes. According to the company, it processes 1.7 billion transactions a year.

In September, the company announced a $229 million fundraising from Kedaara Capital in a mix of primary and secondary sale of shares. In October, it unveiled an employee stock ownership plan worth Rs 154 crore (about $18.5 million).

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