Money & Bankin

Razorpay acquires TERA Finlabs

Our Bureau Mumbai | Updated on July 19, 2021

Harshil Mathur, Co-founder and CEO, Razorpay (file pic)   -  Bijoy Ghosh

TERA will help create and enable a credit line for Razorpay’s merchant network

Razorpay on Monday announced its acquisition of TERA Finlabs, an AI-based risk tech SaaS Platform, for an undisclosed amount. 

"TERA Finlabs is a Bengaluru-based startup that provides technology, risk and capital solutions to enable innovative embedded financing solutions for businesses," it said in a statement. 

TERA Finlabs is an Indian subsidiary of UK based digital lender GAIN Credit.

This marks Razorpay’s third acquisition and comes following its foray into the B2B SME lending space with the launch of Razorpay Capital in 2019, the statement further said.

Published on July 19, 2021

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