Acquisition
Razorpay acquires lending tech firm TERA Finlabs
By Startup Enthusiast ·
- Date
- Company
- Razorpay
- What it does
- Third acquisition, lending tech
- Kind
- Acquisition
- Based in
- Bengaluru
- Founded
- 2014
What they do
Razorpay acquired Bengaluru-based TERA Finlabs in July 2021 for an undisclosed sum, its third acquisition
What happened
TERA Finlabs offers an AI-based risk platform that lets businesses build embedded financing products
Why it matters
The deal follows Razorpay's 2019 entry into lending for small businesses through Razorpay Capital
The details
- Razorpay bought TERA Finlabs in July 2021.
- It was the company's third acquisition.
- TERA is a subsidiary of UK lender GAIN Credit.
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