B2B SaaS fintech company Perfios announced that Kedaara Capital will invest $229 million in its Series-D funding round through the combination of a primary fund raise and a secondary sale. Perfios said it plans to deploy the funds to fuel its continued global expansion plans in North America and Europe.

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-to-end customer journey across banking, insurance, and embedded commerce.

Nishant Sharma, founder and managing partner of Kedaara Capital, said, Led by one of the strongest teams in the space, Perfios has created truly the best-in-class fintech SaaS business that plays on the strong secular growth and increasing digitization levels in the financial services sector in India and globally. Their pioneering approach has led to a strong positive flywheel effect that will help the company maintain its market-leading position, and we are excited to partner with them.