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Razorpay acquires TERA in its 3rd buyout

Harshil Mathur, chief executive officer and co-founder, Razorpay, said the team at TERA FinLabs comes with exceptional domain knowledge in credit underwriting and risk management and that Razorpay sees immense value in its core lending infrastructure capabilities.Premium
Harshil Mathur, chief executive officer and co-founder, Razorpay, said the team at TERA FinLabs comes with exceptional domain knowledge in credit underwriting and risk management and that Razorpay sees immense value in its core lending infrastructure capabilities.

Razorpay will leverage the acquisition for its small and medium enterprise (SME)-based lending business, Razorpay Capital, which was launched in 2019.

BENGALURU : Business payments and financial services startup Razorpay on Monday said it 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.

Razorpay had acquired real-time fraud detection platform Thirdwatch in 2018, followed by payroll management software Opfin in 2019.

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.

“In India, banks are wary of providing business loans to startups and new SMEs due to the risks attached to new revenue models of startups. Through our lending platform, Razorpay Capital, we have been striving to solve these cash flow challenges, making it easier for businesses to get finance and grow. 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," said Harshil Mathur, chief executive officer and co-founder, Razorpay.

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