[the_ad id="83613"]
Razorpay

Razorpay acquires lending startup TERA Finlabs

Razorpay

Business-focused payment gateway and neo banking platform Razorpay has acquired TERA Finlabs, a Bengaluru-based lending startup for an undisclosed amount. With this acquisition, TERA will help create and enable a credit line for Razorpay’s merchant network.

This is the third acquisition by the Harshil Mathur-led Razorpay in a span of three years. Its previous acquisitions include Thirdwatch, an AI-driven company that helps reduce RTO fraud loss in e-commerce in 2018, and Opfin, a payroll management software company in 2019.

Founded by Pradeep Rathnam, TERA offers digital lending solutions for financial institutions and consumer tech companies. Its AI-enabled solutions simplify and automate customer onboardings, verifications, underwritings, and collections for lending institutions.

TERA Finlabs is a unit of OYE Fintech Private Limited. OYE’s primary investor and incubator is UK-based digital lender GAIN Credit.

Send Suggestions or Tips

Razorpay

Razorpay acquires lending startup TERA Finlabs

Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Below is the bank details:

 
Amount: INR 3,00,000 + GST (TDS to be deducted 2%)
Bank Name: ICICI Bank
Account Type: Current
Account Name: Bareback Media Private Limited
Account Number: 002105023595
IFSC Code: ICIC0000021
 
Kindly make the payment to confirm your seat for Unicorn trip 3.0. For any other queries/concern: pls drop a email on: [email protected] or [email protected]
X