Stripe acquires Recko, its first acquisition in India, to add reconciliation to its payment services stack

Recko | 20 Oct 2021

Congratulations to our portfolio Recko for being acquired by Stripe!

Stripe, the outsized fintech out of San Francisco that is valued at $95 billion, is making another acquisition to expand the services it offers alongside its core payments product. The company is acquiring Recko, which has built a platform that lets businesses track and automate payments reconciliation, covering both outgoing and incoming payments and the full ecosystem of inbound and outbound payment sources and receivers. Like Stripe itself, Recko leans heavily on APIs to integrate and work with different data sources. Recko is based out of Bangalore, India, and significantly this will be Stripe’s first acquisition in the country when the acquisition officially closes (based on customary closing conditions).