Skydo secures $10m to expand global payment infrastructure

By Vriti Gothi

Bengaluru-based cross-border payments platform Skydo has raised $10 million in a Series A round led by Susquehanna Asia Venture Capital, with participation from existing investor Elevation Capital. The company, which serves more than 30,000 MSMEs, freelancers, and startups across over 50 Indian cities, plans to use the capital to broaden its global payment capabilities and accelerate licensing efforts in international markets.

Skydo operates in a segment that has become increasingly critical as India targets $2 trillion in exports by FY30. Despite rapid growth in services and goods exports, small businesses and freelancers continue to face long settlement cycles, high forex mark-ups, and extensive compliance requirements. Skydo was among the early companies to receive in-principle RBI authorisation under the Payment Aggregator–Cross Border (PA-CB) framework, a new category designed to modernise India’s outward-facing payments infrastructure.

The company positions itself as a financial operating system for exporters, offering local collection accounts across markets, flat-fee pricing, mid-market forex rates, 24-hour settlements, automated compliance documents such as FIRAs, and accounts receivable tools. Its product roadmap now extends to payouts, card acceptance, and developer-focused APIs.

“Indian exporters are second to none in their global ambition. Skydo aims to enable them with world-class payment infrastructure built from India for the world,” said Srivatsan Sridhar, co-founder and CEO. “This funding fuels our mission to build the financial operating system for global commerce.”

Skydo reports having grown fourfold in the past year and aims to scale to $5 billion in annualised payment volume within two years. Movin Jain, Co-founder, Skydo, said, “The raise will support expansion into more than 20 countries and help the company secure additional regulatory approvals. We’re demonstrating that India has the talent, compliance muscle, and regulatory clarity to build global financial infrastructure from here, for the world.”