Recko raises $1 million from Prime Venture Partners

BENGALURU: Recko has raised $1 million in a seed round from early-stage venture capital fund Prime Venture Partners. The two-year-old startup, which provides payment reconciliation services to companies, intends to use the funds to strengthen the product, expand offerings and build a strong technology and marketing team.

Founded by Saurya Prakash Sinha and Prashant Border, Recko has built a platform which tracks the complete transaction lifecycle and commercial contracts of organisations. The startup helps companies who go through multiple legs of payments and transactions during its regular operations to keep track of all the payments received and reconcile them.