ADVANCE.AI vs Perfios

Perfios has a disclosed valuation of $1B, while ADVANCE.AI's valuation is not publicly available, making a direct size comparison difficult. Perfios employs 500+ people.

Perfios has raised more in total funding at $229M, compared to ADVANCE.AI's $200M — a gap of $29M.

Perfios holds the higher Awaira Score at 90/100, compared to ADVANCE.AI's 68/100. The Awaira Score is a composite metric factoring in valuation, funding, stage, team size, and market presence — a 22-point gap that reflects meaningful differences in scale or traction.

ADVANCE.AI was founded by Gao Yuan in 2016. Perfios was founded by V R Govindarajan in 2008. Visit each company's profile on Awaira for a full founder biography.

ADVANCE.AI: ADVANCE.AI provides AI identity verification, credit scoring, and fraud prevention technology for financial services operators in Southeast Asia and India, applying machine learning to alternative data including digital footprints, device signals, and behavioural patterns to assess creditworthiness for populations underserved by traditional credit bureau infrastructure. The Singapore company serves digital banks, lending platforms, and payment companies operating in markets where formal credit history data is limited.\n\nThe company raised approximately $200 million in venture funding from investors including GSR Ventures, Pavilion Capital, and Gaorong Capital. ADVANCE.AI has deployed its identity and credit AI across operations in Indonesia, Philippines, Vietnam, India, and other Southeast Asian markets where financial inclusion gaps create demand for alternative credit assessment that can extend lending to consumers and small businesses without traditional credit scores.\n\nADVANCE.AI operates in the Southeast Asian fintech AI market alongside Kredivo, Akulaku, and the AI risk divisions of regional super-apps including Grab Financial and Sea Group. The alternative data approach to credit scoring is particularly relevant in markets where mobile phone and digital commerce penetration has grown faster than formal financial system access, creating large datasets of behavioural and transactional signals that AI models can use to assess financial reliability. Regulatory environments for alternative data credit scoring vary significantly across Southeast Asian markets, requiring country-specific compliance adaptations. Perfios: Perfios is a financial data aggregation and analytics platform that connects lenders, banks, and insurers with real-time financial data from bank statements, income tax returns, and account aggregator networks, enabling automated credit underwriting, fraud detection, and financial health assessment for retail and MSME lending. The platform processes tens of millions of financial data requests annually for a customer base spanning major banks, NBFCs, and fintech lenders.\n\nThe company raised approximately $229M in funding, achieving unicorn status, and has expanded beyond India into markets in Southeast Asia and the Middle East. Perfios serves over 900 financial institutions and has integrated with India's Account Aggregator framework, positioning itself as critical infrastructure for the country's open banking ecosystem.\n\nPerfios occupies a strategically valuable position in India's credit infrastructure — nearly every significant lender in the country uses its data analytics capabilities for loan decisioning. This embedded position across the lending stack creates strong network effects and switching costs that compound as the Indian credit market continues its rapid expansion.

Perfios was founded first in 2008, giving it 8 years of additional market experience. ADVANCE.AI was founded later in 2016. In AI, even a year or two of head start can translate into significantly more training data, customer relationships, and institutional knowledge.

ADVANCE.AI has approximately 100-500 employees, while Perfios has approximately 500+. A larger team often signals higher revenue or venture backing, but in AI, smaller teams are increasingly capable of building at scale.

Yes, ADVANCE.AI and Perfios are direct competitors — both operate in the AI Finance space and likely target overlapping customer segments. This comparison is especially relevant for buyers evaluating both platforms.