Perfios Unveils KScan AI: Revolutionizing MSME Lending with Data-Driven Insights

Perfios.ai, India’s premier business-to-business software-as-a-service technology finance company, has launched KScan AI, a groundbreaking artificial intelligence-powered platform designed to transform how the banking, financial services, and insurance sector approaches micro, small, and medium enterprises. This innovative tool addresses longstanding challenges in know-your-customer verification, know-your-business checks, and comprehensive due diligence for entities and individuals, specifically tailored for discovering, evaluating risks, and automating compliance across India’s vast 30 million-plus MSME landscape.
The Indian MSME sector, a cornerstone of the economy contributing significantly to
employment and GDP, has long posed hurdles for lenders due to fragmented data sources
and complex business structures that complicate accurate risk assessment and credit
evaluation. KScan AI tackles these pain points head-on by aggregating information from
over 900 official sources, delivering an unmatched, holistic view of the business ecosystem.
By converting raw, complex data into actionable intelligence through advanced AI
algorithms, the platform empowers financial institutions to make faster, more informed
decisions in onboarding, underwriting, go-to-market strategies, and risk management.
Early pilot deployments with banks and non-banking financial companies have yielded
impressive results. Participants generated 10 times more MSME lending leads at up to five
times lower customer acquisition costs, streamlining due diligence for approximately 1.8 lakh cases in one year. The platform also conducted 200,000 litigation checks and six million sanction screenings, significantly bolstering anti-money laundering efforts and risk mitigation.
“Our mission has always been to simplify and enhance financial decision-making through
cutting-edge data-driven innovation. KScan AI represents a monumental leap forward in how financial institutions engage with and understand India’s 30 million-plus MSME ecosystem.
By harnessing the power of cutting-edge AI and an unparalleled data lake, we are not just
providing data; we are delivering actionable intelligence that drives smarter lending
decisions,” stated B. Krishna Chaitanya, Chief Product Officer at Perfios.
Built on the robust KScan data lake and Perfios’ Model Context Protocol tools, the platform
ensures AI agent responses remain grounded, accurate, and customizable. Users can
configure agents or integrate custom models to meet specific policy requirements, offering
flexibility in a regulated environment. This launch aligns with improving gross non-performing asset ratios for MSME loans, which dropped 45 percent from March 2020 to 0.6 percent by March 2025, promising even greater lending efficiency and risk reduction.
Perfios.ai continues to lead India’s TechFin evolution, enabling financial institutions to unlock the untapped potential of MSMEs through intelligent, scalable solutions that bridge data gaps and foster inclusive growth.