Razorpay acquires TERA Finlabs in push for startup, MSME loans

New Delhi: Fintech startup Razorpay has acquired TERA Finlabs, a Bengaluru-based startup that provides technology, risk and capital solutions to enable embedded financing solutions for businesses.

The company, however, did not disclose the financial details of the transaction.

“This acquisition of TERA Finlabs is aligned with Razorpay’s strategy of financially supporting as many MSMEs as possible by building core competencies in capital solutions, credit underwriting, and data-driven risk management capabilities,” according to a statement released on Monday. “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.”