Razorpay acquires Bengaluru financial risk tech company TERA Finlabs

It is Razorpay's third acquisition in almost three years and follows its foray into Business to Business lending.

Fintech firm Razorpay has acquired TERA Finlabs, a Bengaluru-based startup that provides technology, risk and capital solutions to businesses, for an undisclosed amount.

TERA Finlabs, the Indian subsidiary of UK digital lender GAIN Credit, was launched in 2018 to expand its global footprint in digital lending.

Razorpay said in a statement it had acquired TERA Finlabs is aligned with its strategy of financially supporting MSMEs by building competncies in capital solutions, credit underwriting, and data-driven risk management.

It is Razorpay’s third acquisition in almost three years and follows its foray into the Business to Business (B2B) SME lending space with