Categories: Business

Financial services startup Razorpay acquires TERA Finlabs

Razorpay has acquired artificial intelligence (AI)-based risk analysis platform TERA Finlabs, marking its third acquisition since inception. Bengaluru-based TERA Finlabs provides risk management software, along with customized credit offerings to make lending more affordable for consumers and profitable for lenders. Razorpay will leverage the acquisition for its small and medium enterprise (SME)-based lending business, Razorpay Capital, which was launched in 2019.

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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. The team at TERA FinLabs comes with exceptional domain knowledge in credit underwriting and risk management, as we see immense value in its core lending infrastructure capabilities.

Important takeaways for all competitive exams:

  • Razorpay Founded: 2013;
  • Razorpay CEO: Harshil Mathur (May 2014–);
  • Razorpay Headquarters location: Bengaluru.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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