Perfios, a B2B SaaS platform serving financial institutions, has undergone a significant leadership overhaul as part of its strategy to go public. The company has appointed Sumit Nigam, a former executive from BigBasket, as its new Chief Technology Officer, and Anu Mathew from Pine Labs as its first Chief People Officer.

Sabyasachi Goswami, the CEO of Perfios, during an interview with CNBC-TV18 stated that the company is tentatively aiming for an IPO within the next 18-24 months.

The startup recently secured $229 million in a Series D funding round, which was led by the private equity firm Kedaara Capital. This funding came from a combination of primary capital raise and a secondary sale of shares.

Goswami revealed that these funds will be directed towards the company's expansion efforts, particularly in the United States and Europe. Additionally, a portion of the funds will be allocated to research and development (R&D) activities.

Watch accompanying video for entire conversation.