Recko.io

Recko enables AI-powered reconciliation of digital transactions and keeps track of the complete transaction lifecycle for organisations. The Bengaluru-based startup, founded in 2017, works across multiple industries, including Fintech, Insurance, Banking, Foodtech, E-commerce and Transportation.

Recko automates reconciliation and allows the data to be traced throughout the entire transaction cycle. It does so by getting connected to payment gateways, banks and merchant's order management system through APIs and helps the merchant in tracking receivables and identifying settlement discrepancies. It enables finance teams to ingest, enrich multiple data sources and reconcile millions of transactions in hours, instead of days, without writing a single line of code.

The startup came out of stealthmode in 2019, releasing its SaaS-based product for transaction lifecycles and commercial contracts for businesses. Some of its customers include Grofers and Meesho.

In the first 12 months since launch, Recko stated it has reconciled transactions worth $2bn and is planning to scale this by 10x over the course of the next year.

In June 2019 Recko received $1m Seed funding (Rs 6.93 crore) from Prime Venture Partners.