About Recko
Recko is a Technology company based in Dover (United States) founded in 2018 by Saurya Prakash Sinha and Prashant Borde, and was acquired by Stripe in October 2021. It operates as a cloud-based transaction management and reconciliation solutions are offered for businesses. 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. Recko offers products and services including Reconciliation, Commission Calculation, and Payout. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Accounting Suite. Its legal entity is Recko Inc. Its competitors include BlackLine, Wolters Kluwer, Digits, HighRadius and PowerPlan and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
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.
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.
- Total Funding $7M
- Total Rounds 3
- Last Round Series A — $6M
- First Round $1M
(Jun 2019)
- Investors Count 8
All 3 funding rounds of Recko with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2020 | $6M | Series A | – | Vertex Ventures | |
| Aug 2019 | – | Seed | – | Locus Ventures, Prime Venture Partners | |
| Jun 2019 | $1M | Seed | – | Prime Venture Partners | – |
9 investors in total: 4 institutional and 5 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on multiple sectors | 1997 | vertexventures.sg | Singapore, Singapore | |
Venture capital fund focused on tech startups | – | primevp.in | Bengaluru, India | |
Investments in seed-stage startups are made by Locus Ventures. | – | locus.vc | Redwood City, United States | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | stripe.com | San Francisco, United States | |
AG Ashish Gupta | Angel investor, tech veteran, ex-Helion Ventures, active in Indian startup ecosystem | – | unknown_687382b4a34247cfb | - |
EK Eric Kwan | Angel investor and tech entrepreneur, co-founder of Locus.sh, based in India. | – | unknown_f4ab9e45767745d78 | - |
VP Vaibhav Puranik | - | – | unknown_1275bed7c96145c0b | - |
SK Shamir Karkal | Co-founder of Simple, angel investor, fintech innovator based in India. | – | unknown_4b4d4d53877443b19 | - |
TH Taavet Hinrikus | - | – | unknown_194df8d5c4734418a | - |
Investor details for Recko
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Recko
2 people are tracked at Recko (2 in leadership); the tracked headcount is 710.
| Name | Role | Group |
|---|---|---|
Saurya Prakash Sinha | Co-Founder | Leadership |
Prashant Borde | Co-Founder | Leadership |
Complete people profiles for Recko
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Recko
4 dated milestones of Recko across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Recko is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Series A, of $6.0M.
- Exit Acquired by Stripe.
Competitors of Recko
Recko has 9 listed competitors in our database, 6 of them funded. They include BlackLine, Wolters Kluwer, Digits, HighRadius and PowerPlan, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| blackline.com | 2001 | Los Angeles, United States | $200M | 1,042 | AI-based accounting processes are automated for businesses. | |
| wolterskluwer.com | 1836 | United States | – | 16 | Enterprise legal processes are managed via an AI-powered platform. | |
| digits.com | 1995 | San Francisco, United States | $97.5M | 26 | SMS-based customer authentication and verification services are provided across platforms. | |
| highradius.com | 2006 | Houston, United States | $484M | – | Autonomous finance and payment solutions are provided to businesses. | |
| powerplan.com | 1994 | Atlanta, United States | $110.1M | 280 | Asset accounting, tax, and budgeting solutions are offered to businesses. | |
| accountsiq.com | 2004 | Dublin, Ireland | $87.62M | – | Cloud-native group accounting platform with automation intelligence is utilized. | |
| tallysolutions.com | 1986 | Bengaluru, India | – | 1,047 | Cloud-based ERP software is provided for accounting and inventory management. | |
| bjornlunden.se | 1997 | Nasviken, Sweden | – | – | Accounting software suite is provided for business financial management. | |
| bluecopa.com | 2021 | Hyderabad, India | $4.1M | 43 | AI-powered analytics solutions are offered for finance processes. |
Detailed competitors of Recko
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- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Recko
The website of Recko (recko.io) receives about 1.8K visits a month.
- Monthly visits1.8K
▼ 70.8% vs previous month
Top companies in Finance & Accounting Applications
10 companies that operate in the same segment as Recko (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, Ile de France, France | USD 717.15 M | USD 171.7 M | 2,457 | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | 8,159 |
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Related news about 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. The company's 1st funding round was a Seed of $1M, raised on Jun 2019.
Recko has 710 employees.
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.
Recko operates through Recko Inc..
Yes. Recko was acquired by Stripe in October 2021.