Recko.io

Recko.io

Recko enables AI-powered reconciliation of digital transactions & keeps track of the complete transaction lifecycle for organizations. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€22—33m (Dealroom.co estimates Apr 2020.)
Bengaluru Karnataka (HQ)
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DateInvestorsAmountRound
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N/A

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$1.0m

Seed
*

$6.0m

Series A

N/A

Acquisition
Total Funding€6.4m

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Recko is a Software as a Service (SaaS) platform designed to assist finance teams in reconciling both online and cash transactions across their receivable and payable business flows at scale. The platform acts as a diagnostic layer over millions of transactions, helping clients reduce financial leakages and improve various types of reconciliation, including payment, gateway, digital, online, receivables, payables, and bank reconciliation. Recko serves a diverse range of clients, primarily in the e-commerce sector, who deal with large volumes of data and require robust financial controls and reporting mechanisms.

Recko operates in the financial technology (fintech) market, providing a specialized solution for transaction reconciliation. The business model is subscription-based, where clients pay for access to the platform and its features. Revenue is generated through these subscription fees, which vary based on the scale and specific needs of the client.

The platform is user-friendly and can be set up in less than 24 hours without the need for complex programming or integrations. Users can upload their data in various formats such as .xls or .csv and start reconciling immediately. Recko's intuitive interface and AI-powered capabilities ensure that users can manage large volumes of data seamlessly, enhancing their financial operations.

Recko places a strong emphasis on data security, employing state-of-the-art measures such as 256-bit encryption and comprehensive auditing of data changes to protect client information.

Keywords: AI-powered, reconciliation, fintech, SaaS, e-commerce, financial controls, data security, subscription-based, user-friendly, transaction lifecycle.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.