Mumbai-based private equity firm Kedaara Capital is investing $229 million (around ₹1,900 crore) in fintech-focussed software-as-a-service (SaaS) company Perfios Software Solutions.
The transaction is a mix of a primary issue and a secondary stake sale.
Bengaluru-headquartered Perfios, which claims to have a strong footprint in the Middle East and Southeast Asia, plans to use the funds to fuel its expansion plans in North America and Europe, the company said in a statement.
"This investment will help us in strengthening the digital transformation journey of our partners, thereby powering financial inclusion and providing access to billions across the globe," said Sabyasachi Goswami, chief executive officer of Perfios.
The company also plans to invest in new-age technologies to enhance its comprehensive stack of decision analytics SaaS products to solve the entire end-toend customer journey across banking, insurance, and embedded commerce.
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