JSA advised the Stripe Group (“Stripe”) one of the world’s most valued fintech companies, on its acquisition of Recko Inc and its Indian subsidiary Recko Software Private Limited (collectively, “Recko“). Founded in 2017 and based out of Bangalore, India, Recko has built a platform that lets businesses track and automate payments reconciliation, covering both outgoing and incoming payments and the full ecosystem of inbound and outbound payment sources and receivers. This is Stripe’s first acquisition in the country. The transaction involved complex deal structuring and documentation. JSA’s role in the transaction involved spearheading the due diligence at the India level, transaction structuring and documentation including in relation to the India leg of the transaction. JSA is also assisting with the closing of the transaction which is expected to be consummated in the next few weeks.
JSA lead team comprised Joint Managing Partner – Vivek Chandy, Partner – Pallavi Puri, Partner – Archana Tewary, Senior Associate – Aditi Aggarwal, Associate – Aishwarya Gupta, Associate – Pranavi Pera, Associate – Shramana Dwibedi, and Junior Associate – Sneha Mohanty, Partner (Employment Team) –Minu Dwivedi, Partner (Taxation Team) – Kumarmanglam Vijay, Partner (Taxation Team) – Manish Mishra, and Senior Associate (Taxation Team) – Shikha Parmar.