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 subs...