Funding News: Skydo Raises $10 Million Series A to Expand Cross-Border Payments

Startup: Skydo

Founders: Srivatsan Sridhar and Movin Jain

About us: The company is a global fintech startup that simplifies cross-border B2B payments while cutting foreign exchange costs for businesses by over 50%. By partnering with leading banks worldwide, it provides foreign virtual accounts that allow businesses to receive international payments without added tax or compliance hassles. With live FX rates, zero markup, and low, transparent transaction fees, the platform enables fast and cost-effective global payments through a quick, five-minute sign-up process.

Founded Year: 2022

Office: Bengaluru, Karnataka

Sector: Financial Services

Funding Round: Series A

Investors / Shareholders: Susquehanna Asia Venture Capital Bengaluru-based cross-border payments startup Skydo has raised $10 million in a Series A funding round led by Susquehanna Asia Venture Capital, with existing investor Elevation Capital also participating. This brings the company’s total equity funding to $19.7 million, including a $5 million raise in August last year.

Website: https://bit.ly/47pXB7t 

Also Read: Zynk Raises $5 Million to Power Faster Global Payments with Blockchain