Perfios appoints ex-Adobe BFSI head Sridhar Narayan as Chief Business Officer

Fintech-focused software startup Perfios has appointed Sridhar Narayan as its Chief Business Officer. Narayan joins Perfios from global software firm Adobe India, where he led the banking, financial services, and insurance (BFSI) Business. There, he helped set up the Digital Experience vertical and significantly scaled the business.

In his new role, Sridhar will identify new growth avenues, drive strategic business development, and contribute to Perfios' market expansion plans. The Bengaluru-based startup helps financial institutions with processes such as origination, onboarding, decisions, underwriting, and monitoring.

"I am looking forward to collaborating with the talented team at Perfios to drive market expansion, and chart a course towards sustained success and market leadership,” said Narayan in a press statement.

With a B.Tech in Mechanical Engineering from Vishweshwaraya College of Engineering followed by an MBA from the Indian Institute of Management Bangalore, Narayan brings over two decades of experience in sales and strategy, and before Adobe, he worked with technology companies such as Microsoft, ESRI, and IBM. 

Besides, he has been actively mentoring students and young professionals, guiding them to become job-ready and supporting them in their career progression to navigate the complexities of today's professional landscape. His efforts also include teaching AI and Mathematics in Kannada to government school children, showcasing his belief in the transformative power of education and mentorship, Perfios said in a statement. 

In January, Perfios reportedly secured $80 million in funding from Teachers’ Venture Growth (TVG), a late-stage venture and growth investment arm of the Ontario Teachers’ Pension Plan. A unicorn is a term used to describe startups or companies valued at $1 billion or more.

The Bengaluru-based company had raised $229 million in Series D funding from private equity investor Kedaara Capital in September 2023 at a valuation of $901 million, according to data from market intelligence platform Tracxn. With the investment, the company’s new valuation crossed the $1 billion mark making Perfios the second unicorn of 2024. Before it, Bhavish Aggarwal’s artificial intelligence (AI) startup Krutrim had attained the same status.

In November last year, Perfios hired Sumit Nigam, a former VP & Head of Engineering at BigBasket as Chief Technology Officer, and Anu Mathew as Chief People Officer who had previously held the same role at payments tech company, Pine Labs.
Perfios claims that it delivers 8.2 billion data points to banks and financial institutions every year to facilitate faster decision-making, and processes 1.7 billion transactions a year with assets under management (AUM) of $36 billion.