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Razorpay acquires TERA Finlabs, bags third firm in under 3 years

Razorpay acquires TERA Finlabs, bags third firm in under 3 years Razorpay CEO and co-founder Harshil Mathur said in India, banks are wary of providing business loans to startups and new SMEs due to the risks attached to new revenue models of startups Razorpay Capital along with TERA Finlab s technology capabilities will be able to service the credit needs of over 10,000 businesses in India by next year, the statement said PTI Updated Jul 19, 2021, 11:05 AM IST Fintech startup Razorpay on Monday said it has acquired TERA Finlabs, a Bengaluru-based startup that provides technology, risk and capital solutions to enable embedded financing solutions for businesses. TERA Finlabs is an Indian subsidiary of UK-based digital lender, GAIN Credit.

Business Live: Shares fall as HDFC Bank drags finance stocks; top oil producers agree on modest output boost from August

Business Live: Shares fall as HDFC Bank drags finance stocks; top oil producers agree on modest output boost from August
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

MSME: Razorpay acquires lending firm TERA Finlabs; strengthens MSME play

Synopsis TERA Finlabs is an Indian subsidiary of GAIN Credit, a UK digital lender launched in 2018. 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. (In pic-Harshil Mathur, CEO, Razorpay). BANGALORE: 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 financing solutions for businesses. TERA Finlabs is an Indian subsidiary of GAIN Credit, a UK digital lender launched in 2018.

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