Razorpay, a business payments and financial services provider, completed the acquisition of TERA Finlabs, an AI-based risk analysis platform, from UK-based GAIN Credit. Financial terms were not disclosed. “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,” Harshil Mathur, Razorpay CEO and Co-Founder.