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.
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