Razorpay acquires Bengaluru-based TERA Finlabs

TERA is an Indian subsidiary of UK based digital lender GAIN Credit, launched in 2018.

Business payments and financial services startup Razorpay has acquired artificial intelligence, an UK based risk analysis platform, TERA Finlabs.


TERA is an Indian subsidiary of UK based digital lender GAIN Credit which was launched in 2018. And, it is an artificial intelligence based platform based in Bengaluru that facilitates digital financing solutions for businesses.


The AI-based platform is expected to help RazorPay in scaling its B2B SME lending segment that entered in 2019 with the launch of its Razorpay Capital. Financial services startup Razorpay marks its third acquisition since its foundation in 2019.


RazorPay said that with AI-based platform TERA Finlab’s technology capabilities, they would be able to service the credit needs of over ten thousands of businesses in India by the next year.


Razorpay said that this acquisition is aligned with strategy of financially supporting as many MSMEs as possible by building core-competencies in capital solutions, credit underwriting and data driven risk management capabilities.


Razorpay further added, "TERA will provide its entire technology stack, risk management capabilities, and onboarding solutions to create and enable a credit line for Razorpay's merchant network."


Razorpay claims 40 to 45 per cent growth month on month and has achieved USD 40 billion total payment volume (TPV).

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