Stripe announced an agreement to acquire Recko, a payments reconciliation software provider, to enhance its financial tools for internet businesses.
Recko's software automates significant aspects of the payments reconciliation process, which is essential for businesses to manage their finances and mitigate accounting errors.
The acquisition aims to provide Stripe customers with an integrated solution for tracking financial health, improving revenue management, and saving finance teams from manual reconciliation tasks.
Recko, based in Bangalore, India, has seen significant growth since 2017, serving prominent clients like Deliveroo and Meesho, and will join Stripe's remote engineering hub.
Stripe's acquisition of Recko is part of its broader investment in India and its efforts to offer an extended suite of products beyond payment acceptance.

Stripe is a financial infrastructure platform that caters to businesses looking to manage online and in-person payments globally. It offers a suite of products including payment processing, billing for recurring payments, fraud prevention, financial reporting, and banking services. Stripe enables platforms to manage revenue, automate accounting processes, and reduce costs. It supports the growth of businesses by offering tools for subscription management, setting up multiparty payouts, and providing banking-as-a-service options like card creation. Stripe's scalable solutions aim to streamline payments acceptance, optimize checkout experiences, and offer expert integration for enterprises and startups alike.

Stripe

Stripe provides online payment processing and financial infrastructure services.

Stripe Acquires Recko

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