Payment solutions co Razorpay acquires SaaS platform Tera Finlabs

Bengaluru-based payment solutions company Razorpay has acquired Bengaluru-based Tera Finlabs, the Indian subsidiary of UK-based digital lender Gain Credit. Tera is an AI-based SaaS platform that facilitates digital financing solutions for businesses and is expected to help RazorPay in scaling its B2B SME lending segment that it entered in 2019 with the launch of Razorpay Capital. Tera will provide technology stack, risk management capabilities, and onboarding solutions to create and enable a credit line for Razorpay's merchant network.