US fintech major Stripe to acquire Recko in first Indian acquisition

US fintech major Stripe to acquire Recko in first Indian acquisition

Graphic: Stripe/DEALSTREETASIA

US-based fintech major, Stripe Inc. on Wednesday said that it has entered into an agreement to acquire Bengaluru-based payment reconciliation software provider, Recko, for an undisclosed amount.

The acquisition is subject to customary closing conditions, with Recko users continuing to use the company’s products directly, Stripe said in a statement on Wednesday evening.

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