Alternatives to Perfios in India
We list 8 alternatives to Perfios. 5 are built in India. 6 have a free plan. None of them states a price we can show in rupees, so each price below says where the number comes from or that there is none.
Why people look for an alternative to Perfios
- Bills in rupees: “INR billing + GST invoice + Input Tax Credit is standard”.
Perfios and 8 alternatives at a glance
| Tool | From, a month | Free plan or tier | Our score | Bills in ₹ | Built in India |
|---|---|---|---|---|---|
| Perfios (the one you are replacing) | Free plan; paid price not stated | Yes | 50 / 100 | Yes | – |
| Credgenics | Free plan; paid price not stated | Yes | 40 / 100 | Yes | Yes |
| M2P Fintech | Free plan; paid price not stated | Yes | 40 / 100 | Yes | Yes |
| Finvu | Free plan; paid price not stated | Yes | 20 / 100 | Not checked | Yes |
| Setu | Not stated | No | 20 / 100 | Yes | Yes |
| Decentro | Not stated | No | 10 / 100 | Not checked | Yes |
| Open Financial Technologies | Free plan; paid price not stated | Yes | 40 / 100 | Yes | – |
| Fi Money (Epifi) | Free plan; paid price not stated | Yes | 30 / 100 | Not checked | – |
| RazorpayX | Free plan; paid price not stated | Yes | 30 / 100 | Yes | – |
The alternatives, one by one
Credgenics Built in India
Best for: Noida-built SaaS debt collections and resolution platform — founded 2018 by Rishabh Goel (CEO). Suits startups.
Free plan; paid price not stated. Built in India. Bills in rupees: “INR billing through Indian entity with 18% GST — clean procurement”. Gives a GST invoice. Our score: 40 out of 100 (5 of 8 checks read).
M2P Fintech Built in India
Best for: Chennai-built Asia-leading Banking-as-a-Service, Card Issuance and Lending OS platform. Suits startups.
Free plan; paid price not stated. Built in India. Bills in rupees: “Indian-founded; Chennai HQ; INR billing through Indian entity; RBI-compliant infra”. Gives a GST invoice. Our score: 40 out of 100 (5 of 8 checks read). Vendor pricing page.
Finvu Built in India
Best for: NBFC-licensed Account Aggregator · Pune-built · now owned by Finfactor (rebrand from Cookiejar Technologies. Suits startups.
Free plan; paid price not stated. Built in India. Our score: 20 out of 100 (4 of 8 checks read). Vendor pricing page. Side by side: Perfios vs Finvu: Account Aggregator.
Setu Built in India
Best for: India's fintech API infrastructure platform. Suits Indian fintech startups and neo banks.
Not stated. Built in India. Bills in rupees: “INR billing through Indian entity”. Our score: 20 out of 100 (3 of 8 checks read).
Decentro Built in India
Best for: Indian banking API aggregator for fintechs. Suits Indian fintech startups and neobanks.
Not stated. Built in India. Our score: 10 out of 100 (2 of 8 checks read).
Open Financial Technologies
Best for: India's largest SME neobank — business accounts. Suits startups.
Free plan; paid price not stated. Bills in rupees: “INR pricing, Indian bank rails, GST compliance”. Gives a GST invoice. Our score: 40 out of 100 (5 of 8 checks read). Vendor pricing page.
Fi Money (Epifi)
Best for: India's millennial-first neobank — Federal Bank savings, Smart Deposits. Suits startups.
Free plan; paid price not stated. Our score: 30 out of 100 (4 of 8 checks read). Vendor pricing page.
RazorpayX
Best for: Razorpay's business-banking layer — a current account, payouts API, payroll, corporate cards. Suits startups.
Free plan; paid price not stated. Bills in rupees: “Pricing & plans. This vendor does not publish list prices”. Our score: 30 out of 100 (4 of 8 checks read). Vendor pricing page.
Before you switch
- Billing: ask each vendor whether it invoices in rupees with GST. Where we have not read the answer, the table says “Not checked”, not “No”.
- Data: exports differ. Try one real export from Perfios into the new tool on a free plan before you pay for a year.
- Price: a monthly figure is for one seat or the entry plan. Work out your own number of users, and read the vendor page linked under each tool.
- Indian-built options are marked on the table and shown first. They are not better for that reason alone; they are easier on rupee billing, GST invoices and support in your time zone.
Compare Perfios side by side
Other alternatives pages
How this page is made
This page is built by a script from the same files as our tool pages, so it changes when a price, a score or an India-fit answer changes. Alternatives are picked by what we list for Perfios (its curated alternatives, the same use case and sub-category, shared tags and the compare pages we have), then ordered with Indian-built tools first, then by our score. A tool is left out when we have fewer than five real matches. Prices come from each vendor's own pricing page as read on our tool pages; the dates above are the days we read them. We may earn a commission on some vendor links elsewhere on the site; it does not change the order here. How the score works.