Stripe agreed to lead Recko's Series B before acquiring it
Saurya Prakash Sinha · Why Stripe Paid $150M For A Young Indian Startup | Saurya Prakash Sinha, Recko · May 30, 2025 · at 3:44
Saurya Prakash Sinha, co-founder of financial data reconciliation platform Recko, describes the sequence of events leading to Stripe acquiring the company.
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“Then after a couple of conversations, right, so we went ahead with the with our CDSB round where Stripe was leading it. But during that time, we started engaging more with the Stripe team. And I think after close about say a month of deliberation, right. So the Stripe team came back and the Stripe team said that, look, I mean, we would be We are interested in, you know, working very closely with you guys. Right. And I think at that point of time, I was I was like, I mean, you guys are already equity investors. So how much more closer do you want? But I think then the team said that that at that point of time, it makes a lot of sense for essentially us and Stripe to work together and they are keen on acquiring the whole company.”
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