About Recko
Recko is a company based in Dover (United States) founded in 2018 by Saurya Prakash Sinha and Prashant Borde was acquired by Stripe in October 2021. Recko has raised $7 million across 3 funding rounds from investors including Stripe, Vertex Ventures SG and Prime Venture Partners. The company has 710 employees as of October 31, 2024. Recko offers products and services including Reconciliation, Commission Calculation, and Payout. Recko operates in a competitive market with competitors including BlackLine, Wolters Kluwer, Digits, HighRadius and PowerPlan, among others.
- Headquarter Dover, United States
- Employees 710 as on 31 Oct, 2024
- Founders Saurya Prakash Sinha, Prashant Borde
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- Legal Name Recko Inc.
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Products & Services of Recko
Recko offers a comprehensive portfolio of products and services, including Reconciliation, Commission Calculation, and Payout.
Automates accurate financial reconciliation for business transactions.
Handles automated fee calculations and payment monitoring.
Facilitates seamless integration for disbursing payments to vendors.
Funding Insights of Recko
Recko has successfully raised a total of $7M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in April 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Recko
Recko has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Stripe, Vertex Ventures SG and Prime Venture Partners.
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Venture capital fund focused on tech startups
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Investments in seed-stage startups are made by Locus Ventures.
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Investor details for Recko
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Investments & Acquisitions by Recko
Investment portfolio details for Recko
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Financial Statements - Recko
Detailed financials for Recko
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Recko Comparisons
Peer comparison for Recko
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Competitors of Recko
Recko operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BlackLine, Wolters Kluwer, Digits, HighRadius and PowerPlan, among others.
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AI-based accounting processes are automated for businesses.
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Enterprise legal processes are managed via an AI-powered platform.
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SMS-based customer authentication and verification services are provided across platforms.
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Autonomous finance and payment solutions are provided to businesses.
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Asset accounting, tax, and budgeting solutions are offered to businesses.
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Cloud-native group accounting platform with automation intelligence is utilized.
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Detailed competitors of Recko
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Latest news on Recko
Complete news archive for Recko
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Frequently Asked Questions about Recko
Recko was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Recko is headquartered in Dover, United States. It is registered at Dover, Delaware, United States.
Recko is a funded company, having raised a total of $7M across 3 funding rounds to date.
As of Oct 31, 2024, the latest employee count at Recko is 710.
Recko was founded in 2018 and is headquartered in Dover, United States. Operations focus on the fintech sector, where cloud-based tools for digital transaction management and reconciliation are provided to businesses. Receivables from payment gateways are tracked, settlements are automated, and realizations of payments, refunds, and chargebacks are monitored and reported through these services.
Recko's top competitors include BlackLine, Digits and HighRadius.
Recko offers Reconciliation, Commission Calculation, and Payout.
Recko has 9 investors. Key investors include Stripe, Vertex Ventures SG, Prime Venture Partners, Locus Ventures, and Ashish Gupta.