Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    PhonePe raises growth funds at a $12 billion valuation, led by General Atlantic

    January 23, 2023

    360 ONE acquires Mumbai Angels; announces two new funds with them

    January 23, 2023

    Kotak General Insurance partners with Clootrack to enhance customer centricity

    January 23, 2023
    Facebook Twitter Instagram
    BFSINXT
    Twitter YouTube LinkedIn
    • Banking
      • SME /Wholesale Banking
      • Retail
      • HR
        • Wholesale
      • Rural & Agri
    • NBFC
      • Customer Experience
      • Retail
      • Digital
    • Insurance
      • Life
      • General
      • InsurTech
    • Fintech
      • Payments
      • Lending
      • Wealth/PF
      • Neo-Banking
    • Policy
      • RBI
      • IRDAI
      • SEBI
      • Government
    • Financial Services
      • Securities
      • AMC
    • About us
      • Editorial Team
      • Our Advisory Panel
      • Get In Touch
    BFSINXT
    Home » Stripe acquires Bengaluru-based payments firm Recko
    Fintech

    Stripe acquires Bengaluru-based payments firm Recko

    Stripe will now be able to expand its offerings in India beyond collections and billings for merchants.
    October 20, 20212 Mins ReadBy editor
    Twitter LinkedIn WhatsApp

    Stripe, one of the most globally valued fintech company on October 20 said that it has acquired Bengaluru-based provider of payments reconciliation software Recko. This marks Stripe’s first acquisition in India.

    Stripe will now be able to expand its offerings in India beyond collections and billings for merchants. Stripe in a statement said the move will help Stripe automate collections, ease reconciliations, manage complex accounting of financial records as well as export reconciliation tolls to businesses.

    Payments reconciliation shouldn’t be a mild headache that balloons into a migraine as a company grows—it should be an easy, highly automated process,” Will Gaybrick, Stripe’s chief product officer, said in a statement.

    “Stripe helps millions of businesses around the world streamline their revenue management—from subscriptions and invoicing to revenue recognition and bookkeeping. With Recko, we’ll automate their payments reconciliation, a critical input into their overall financial health,” he added.

    “The acquisition of Recko is the latest milestone in Stripe’s expansion beyond payments acceptance, bringing millions of users another tool to manage and grow their revenue alongside Stripe Revenue Recognition, Stripe Billing, Stripe Invoicing, and more,” Stripe said in its media statement.

    Recko was founded in 2017 by IIT Gandhinagar alumni Saurya Prakash Sinha and Prashant Border. They will now build and scale Stripe’s products globally and join the company’s remote engineering hub.

    “Joining Stripe is a perfect next chapter for Recko, and we can’t wait to help grow the GDP of the internet by removing the burden of reconciliation complexity. Internet businesses need new financial tools that can scale with their growth and automate the tasks required to produce an accurate picture of their financial health,” said Saurya Prakash Sinha, CEO and co-founder of Recko.

    Payments Recko Stripe
    Previous ArticleBitcoin hits new record high, tops $65,000
    Next Article CIO Series EP 01 | SHIJU RAWTHER
    editor

    Related Posts

    PhonePe raises growth funds at a $12 billion valuation, led by General Atlantic

    January 23, 2023

    Jupiter raises Rs 100 crore in venture debt financing from Alteria Capital

    January 7, 2023

    Drivio raises $1 million in seed funding

    December 25, 2022

    PayMate Receives In-Principle Authorization To Operate As A Payment Aggregator From RBI

    December 10, 2022

    Leave A Reply Cancel Reply

    Recent Posts

    • PhonePe raises growth funds at a $12 billion valuation, led by General Atlantic
    • 360 ONE acquires Mumbai Angels; announces two new funds with them
    • Kotak General Insurance partners with Clootrack to enhance customer centricity
    • Upstox partners with ‘Trading View’ to empower traders with simplicity
    • AU Small Finance Bank introduces menstrual leaves for women employees

    Recent Comments

    No comments to show.
    Demo
    NBFC's

    PLANET App by L&T Financial Services Crosses 1.5 Million Downloads

    January 7, 2023

    SIDBI enters Co-lending Space for Unsecured Loans to MSMEs, partners with Ambit Finvest

    December 31, 2022

    Piramal Finance launches ‘Innovation Lab’ in Bengaluru

    December 19, 2022

    Shriram Transport Finance and Shriram City Union Finance are now Shriram Finance, India’s largest retail finance NBFC

    December 5, 2022
    New Policy
    Policy

    GSTN gets included as a Financial Information Provider under Account Aggregator Framework

    November 23, 20220By Bfsinxt Desk

    The RBI said, with a view to facilitate cash flow-based lending to MSMEs, it has been decided to include Goods and Services Tax Network (GSTN) as a Financial Information Provider (FIP) under the Account Aggregator (AA) framework.

    RBI to run Nation-wide Finanical Services Awareness Programme in November 2022

    November 3, 2022

    RBI to soon operationalise CBDC Wholesale (e₹-W) Pilot

    November 1, 2022

    RBI launches दक्ष (DAKSH) – Reserve Bank’s Advanced Supervisory Monitoring System

    October 8, 2022
    • Twitter
    • YouTube

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    BFSINXT
    Twitter YouTube LinkedIn
    © 2023 bfsinxt.com.

    Type above and press Enter to search. Press Esc to cancel.