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Recko raises $1 million seed funding from Prime Venture Partners

The fintech startup provides AI-powered reconciliation for digital transactions; has processed transactions worth $2 billion in the first 12 months since launch

Recko founders
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Left to right: Saurya Prakash Sinha (CEO) and Prashant Borde (CTO)

Peerzada Abrar Bengaluru
Recko, a fintech startup that enables artificial intelligence-powered reconciliation of digital transactions, has raised $1 million seed funding from Prime Venture Partners. The fintech startup has built a software-as-service-based reconciliation product that keeps track of the complete transaction lifecycle and commercial contracts for organizations. Emerging out of stealth, Recko said that it is at a run rate of reconciling a quarter billion transactions annually. In the first 12 months since launch, Recko has reconciled transactions worth $2 billion and is looking to scale this by 10x in the next year. Its early customers include online grocery firm Grofers, social commerce

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First Published: Jun 27 2019 | 12:31 PM IST

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