US-based Stripe acquires Recko, its first acquisition in India

US-based payments and API company Stripe on Wednesday said that it has acquired Recko, its first acquisition in India. Bengaluru-based Recko, which had raised about $7 million before this deal, is a provider of payments reconciliation software for internet businesses. Stripe is valued at $95 billion and has raised a total of $2.2 billion till date.