Recko, an enterprise fintech start-up, has raised $6 million in a Series A round led by Vertex Ventures SEA and India. Existing investor Prime Venture Partners also participated in the round.
Founded in 2017 by Saurya Prakash Sinha and Prashant Borde, the company has built a Software as a Service-based financial reconciliation product to track entire transaction lifecycles and commercial contracts for businesses. It counts the likes of Grofers, Meesho and Dunzo among its customers.
The new funds will be used in developing the product further, hiring and expanding presence outside India.