Saurya Prakash Sinha (BTech EE, 2009 Batch) and Prashant Borde (BTech EE, 2008 Batch) have started Recko. Recko is an intelligent digital transaction reconciliation product which helps companies in keeping a track of receivables from payment gateways.
As digital transaction volume and their complexity (multiple intermediaries) are increasing, Recko is positioned as an independent transaction reconciliation layer which ensures that the interacting merchants are receiving settlements in accordance with the agreed contracts, payout cycles, and are able to track and report payment realizations, refunds, and chargebacks. Companies like Swiggy, Ola, Grofers, Makemytrip, Redbus, GoIbibo, Curefit, etc. are using Recko for automating settlement reconciliations.
Recko is processing more than a million transactions on a daily basis. They can be reached out at saurya@recko.io.
