Vertex leads $6 million round in Recko

NEW DELHI: Enterprise fintech startup Recko has raised $6 million (about Rs 46 crore) in its Series-A funding round led by Vertex Ventures, the venture capital arm of the Singapore government-owned investment company Temasek.

Prime Venture Partners, an early stage investment firm and an existing investor in Recko, also participated in the funding round, the company said in a statement on Thursday.

The Bengaluru-based startup will use the proceeds to further ramp up product development, expand its team and build its presence outside India.


The three-year-old company, which uses artificial intelligence to reconcile digital transactions, claims to have undertaken reconciliation transactions estimated at $3 billion.