Building a Tech Stack for Finance Teams of tomorrow

Prashant and I were among the early Product Managers and Engineers in Flipkart, PhonePe and Reliance Jio, and were part of the team responsible for building and maintaining the post-checkout system to support the large scale of Customer Orders, Payments, and Marketplace commission and Settlement operations.

As we scaled operations, monitoring and accounting high velocity, high volume and highly complex money movement became a challenge. We were part of engineering teams that built the financial infrastructure which enabled these companies to compete fiercely and become category leaders. We realized how a strong financial technology infrastructure gives a competitive advantage to the business to launch fast, increase the bottom line and be financially sound anytime. We saw how insights from data, enabled finance teams to plan prudently and helping the company to win markets.

A strong financial technology infrastructure gives a competitive advantage to the business to launch fast, increase the bottom line and be financially sound anytime. We saw how insights from data enabled finance teams to plan prudently and helped the company to win markets.

Building Recko

We believe that the current technology gives us the means to build great products for finance and product teams which could help them launch fast on a robust financial stack, handle scale and empower the finance function to partner effectively in the company’s growth journey.

Recko is a new way of handling Financial Operations, built for the use case of today, where finance teams have to deal with large and complex transaction data, monitor high-velocity transactions and collaborate effectively with internal functions like Sales, Marketing, and external vendors and Banks.

Recko is nimble, fast and can handle complex transactions. It can get connected to external systems through powerful APIs and is configurable by non-tech users as the company evolves. Unlike other traditional software, Recko gets up and running in a few hours and looks chic.

Recko is nimble, fast and can handle complex transactions. Unlike other traditional software, Recko gets up and running in a few hours and looks chic.

Ensuring all measures of Data Protection

We follow a stringent set of security practices to safeguard data in transmission as well at rest. The infrastructure gets regularly penetration tested for any loopholes or gaps by our internal team and a group of security partners. We got PCI DSS version certified at the start of the year and recently also completed the ISO 27001:2013 certification. Our SOC Type 2 certification is currently underway and we will be completing it in the next two quarters. Our system architecture is designed to adhere to data localisation and flexible enough to accommodate new data law requirements.

We started our journey in 2017 and got Myntra onboard as our first customer in 2018. They pushed us to solve for scale, complexity and stability. (I’ll keep the fun story of how we worked with them for another post)

Fast forward to today, and we have Udaan, Meesho, Khatabook, Dunzo, Grofers, Licious and many more as our customers. We are operating in 2 continents with offices in the US and India and are backed by marquee global investors, founders and operators.

From just the two of us at the start, we are now a 60 member stellar team consisting of 8 ex-founders and former employees of Flipkart, PhonePe, Nutanix, Ola Money, Razorpay, ThoughtSpot, Qubole etc, who have become part of this amazing growth journey.

We want the finance function to achieve more, and are now extending the capabilities of our product to build the whole suite for managing financial operations for fast-growing internet companies. We believe the future of finance is real-time. Not monthly, not quarterly, and our work today is a step towards making it a reality.

We believe the future of finance is real-time. Not monthly, not quarterly, and our work today is a step towards making it a reality.

We are on it. For every company and Financial Institution out there. Back to work now.

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