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
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Recko Inc.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Recko
Recko offers a comprehensive portfolio of products and services, including Reconciliation, Commission Calculation, and Payout. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 3
- Last Round Series A — $6.0M
-
First Round
First Round
(26 Jun 2019)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2020 | Amount | Series A - Recko | Valuation | Vertex Ventures | |
| Aug, 2019 | Amount | Seed - Recko | Valuation | Locus Ventures , Prime Venture Partners | |
| Jun, 2019 | Amount | Seed - Recko | Valuation | Prime Venture Partners |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital fund focused on multiple sectors
|
Founded Year | Domain | Location | |
|
Venture capital fund focused on tech startups
|
Founded Year | Domain | Location | |
|
Investments in seed-stage startups are made by Locus Ventures.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Recko
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Recko
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Recko Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based accounting processes are automated for businesses.
|
|
| domain | founded_year | HQ Location |
Enterprise legal processes are managed via an AI-powered platform.
|
|
| domain | founded_year | HQ Location |
SMS-based customer authentication and verification services are provided across platforms.
|
|
| domain | founded_year | HQ Location |
Autonomous finance and payment solutions are provided to businesses.
|
|
| domain | founded_year | HQ Location |
Asset accounting, tax, and budgeting solutions are offered to businesses.
|
|
| domain | founded_year | HQ Location |
Cloud-native group accounting platform with automation intelligence is utilized.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Recko
Frequently Asked Questions about Recko
When was Recko founded?
Recko was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Recko located?
Recko is headquartered in Dover, United States. It is registered at Dover, Delaware, United States.
Is Recko a funded company?
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 26, 2019.
How many employees does Recko have?
As of Oct 31, 2024, the latest employee count at Recko is 710.
What does Recko do?
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.
Who are the top competitors of Recko?
Recko's top competitors include BlackLine, Digits and HighRadius.
What products or services does Recko offer?
Recko offers Reconciliation, Commission Calculation, and Payout.
Who are Recko's investors?
Recko has 9 investors. Key investors include Stripe, Vertex Ventures SG, Prime Venture Partners, Locus Ventures, and Ashish Gupta.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.