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, 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