Stripe, a digital payment infrastructure provider, has announced that it has entered into an agreement to acquire Indian provider of payments reconciliation software Recko, marking its first in India. The acquisition is subject to customary closing conditions, and the terms of the deal are not disclosed.
Stripe will integrate Recko’s solutions to its payment solutions portfolio; however, Recko users will be able to continue to use the product as before. The acquisition adds another tool to Stripe’s stack of other solutions including revenue recognition, billing, and invoicing, besides basic payment acceptance.
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