Financial services and SaaS company, Stripe, dual-headquartered in San Francisco, and Dublin, Ireland, acquired Bangalore-based Recko a global financial operations platform that enables businesses track and automate payments reconciliation, covering both outgoing and incoming payments.
Features and products launched by Stripe to cover other aspects of the payments process include revenue recognition, billing, and invoicing services.
Will Gaybrick, Stripe’s chief product officer said, “Payments reconciliation shouldn’t be a mild headache that balloons into a migraine as a company grows—it should be an easy, highly automated process.”
A few days after disclosing the acquisition, Stripe made its second investment in India, when it backed Bangalore-based SaaS fintech firm Clear.
The 10-year-old Indian startup, formerly known as ClearTax, raised $75 million in its Series C funding. The round was led by Kora Capital, Stripe, as well as Alua Capital, Think Investments, and existing investors Sequoia Capital India, Founders Fund, and Elevation Capital.
Clear helps individuals and businesses file their tax returns. It also provides wealth management advice to individuals, and helps businesses with e-invoicing and credit.
The third investment Stripe made in is again a Bangalore-based firm, XFlow, a startup that is building a cross-border payments infrastructure.
Last updated: December 26th, 2025
