Skydo secures final RBI authorisation for cross-border payments 

By Puja Sharma

Skydo, a cross-border payments platform for exporters, has received final authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator–Cross Border (PA-CB).  

As India targets $2 trillion in goods and services exports by FY30, driven by MSMEs, freelancers, and digital-first startups, Skydo is building a compliant, transparent, and technology-led Cross-Border Payment platform to support this goal. The platform enables exporters to collect locally from international clients, with transparent flat-fee pricing, no markup on live mid-market FX rates, and fast settlements. The Bengaluru-based company serves 30,000+ Indian MSMEs, freelancers, and startups across 50+ cities, supporting collections in 32+ currencies.  

“The RBI authorisation is a strong testament to our understanding of the Cross-Border Payments space, Compliance-first culture, secure systems and robust risk controls. This is a strong marker of trust for our customers as well as global bank partners,  especially given India’s regulatory rigor and high bar for issuing such licenses, said Awadhesh Ranjan, Head of Risk & Compliance at Skydo. 

Commenting on the development, Srivatsan Sridhar, co-founder and CEO of Skydo said, “Receiving the RBI’s final PA-CB authorisation is a significant milestone for us. It validates our approach that building well-governed and scalable systems, and deep, compliant payment rails are foundational to building an end-to-end financial operating system for ambitious global businesses. The license will help us build stronger trust with SMB and Enterprise customers, Global Bank and Payments partners as we scale our payment volumes significantly, and expand across products and corridors. ” 

Skydo recently raised $10m in Series A funding led by Susquehanna Asia Venture Capital, with participation from existing investor Elevation Capital, taking the company’s total funding to USD 20Mn to date. Skydo is on track to reach USD 5 billion in annualised payment volumes by 2027.