Perfios, pre-IPO, hires Adobe India BFSI head Sridhar Narayan as CBO.

Perfios, a fintech-focused software startup contemplating an initial public offering (IPO) in India by 2025, has recently appointed Sridhar Narayan, former head of financial services at Adobe India, as its Chief Business Officer (CBO). Narayan assumed this position in March 2024, as confirmed to ET.

In his new role, Narayan aims to explore various sectors beyond banking, such as HR tech and logistics, leveraging Perfios’ expertise in security, identity, and fraud solutions. He emphasized the company’s priority to boost international revenue, targeting 15% of overall revenues from international markets by March 2025.

As part of Perfios’ strategic restructuring, Narayan will be instrumental in driving operational excellence and opening up new markets to foster business growth and enhance customer experience. His extensive experience, including leadership roles at Adobe India and Microsoft, aligns with Perfios’ ambitions for expansion and innovation.

Perfios witnessed significant leadership changes in recent times, with Sabyasachi Goswami transitioning from Chief Business Officer to CEO in August 2022. Additional changes, including Debasish Chakraborty’s transition from Chief Technology Officer to a mentor role, highlight the company’s focus on strengthening its leadership team to prepare for a potential public listing.

The firm, headquartered in Bengaluru, received a significant funding boost of $80 million from Teachers’ Venture Growth (TVG) in March, pushing its valuation to $1 billion. This injection of capital underscores investor confidence in Perfios’ growth trajectory and potential.

Perfios’ core business revolves around providing software technology solutions to over 1,000 financial institutions across 18 countries. Its offerings facilitate data extraction, aggregation, and analysis to enhance credit assessment and fraud monitoring. With a diverse portfolio of 75 platforms and products, Perfios processes a staggering 1.7 billion transactions annually.

Amid preparations for a potential IPO, Perfios remains focused on consolidating its market position, expanding its international footprint, and innovating its product offerings to meet evolving industry needs.