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Perfios targets diverse sectors, geographies to double revenue

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Indian SaaS fintech startup, Perfios, plans to expand into new sectors, such as human resources technology and commerce, in a bid to double its revenue over the next three years. Perfios, which primarily serves the banking, financial services, and insurance sectors, aims to diversify its client base across multiple industries and geographies. The company has recently launched a product for background verification in the HR space and plans to target clients in the commerce sector next. Perfios became a unicorn earlier this year, following an investment of $80 million. It plans to expand into the US and Europe, while strengthening its presence in markets such as West Asia, Africa, and Southeast Asia. Perfios posted operating income of ₹407 crore in FY23, with a profit of ₹7.8 crore. The company is open to acquisitions and is evaluating international opportunities. It is also focusing on financial discipline and governance before potentially listing on the public markets.