Stripe is worth over $95 billion; will buy Indian Fintech company Recko.

Stripe wants to integrate all financial services under one umbrella.

Stripe is worth over $95 billion; will buy Indian Fintech company Recko. | BEAMSTART News

- From our Sponsors -

Stripe, one of the highest valued startup companies in the world, has just made its first acquisition in India.

The payments giant will be acquiring Recko, a startup that lets businesses easily track and automate payments reconciliation.

Key Highlights

  • Stripe will be acquiring Recko for an undisclosed sum (terms of the deal were not disclosed).
  • Founded in 2017 and operating out of Bangalore, the company tracks and analyzes financial transactions, revenue receivables, payables and contract discrepancies with high accuracy.
  • Upon the acquisition, Recko's services will be integrated as part of Stripe's broader suite of services.
  • Recko's existing users will still be able to utilize the company's services as a standalone product too.

Why It Matters

  • While the value of the deal was not mentioned, Recko had previously raised approximately $7 million prior to the acquisition.
  • Recko's previous investors include Vertex Ventures, Prime Venture Partners, and several angel investors.
  • Stripe’s move come as part of a bigger consolidation prior to a possible public listing, where the company seeks to combine fintech services of all kinds under one umbrella — fully accessible via APIs.
  • Stripe is currently valued at more than $95 billion.

- From our Sponsors -

Latest Jobs

Quality Assurance Lead



Full Time

Salary Undisclosed

Content Writer (Esports / Gaming)


Petaling Jaya, Malaysia


MYR 400 — MYR 600 monthly

News Editor

British Broadcasting Corporation

Hong Kong, Hong Kong (香港)

Full Time

Salary Undisclosed

Full Stack Developer - Financing Domain

OnDemand Agility


Full Time

SGD 4050 — SGD 4300 monthly

EA Personnel (Work Pass)

Trinity Employment


Full Time

SGD 2000 — SGD 3500 monthly

Senior Events Manager/ Director

Thomson Reuters

Singapore , Singapore

Full Time

USD 17000 — USD 25000 monthly

Digital Marketing Intern

Undrcut Digital Marketing



SGD 1000 — SGD 1500 monthly

Influencer Marketing Associate


Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer


Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital


Full Time

SGD 2500 — SGD 5000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.


Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).