Skydo’s $10 Million Raise Promises Zero-Fee Cross-Border Payments
Bengaluru-based fintech Skydo has just raised $10 million in a Series A round led by Susquehanna Asia Venture Capital, with Elevation Capital joining in. The startup is on a mission to revolutionize international payments for Indian exporters by offering zero forex fees and lightning-fast settlements.
Serving over 30,000 MSMEs, freelancers, and startups across 50+ cities, Skydo is fast becoming the go-to platform for Indian businesses sending and receiving money internationally.
How Skydo is Disrupting Traditional Payment Systems
Zero Forex Fees – Say Goodbye to Hidden Charges
Exporters often lose money to hidden forex fees when accepting payments from overseas clients. Skydo changes the game entirely by offering transparent flat pricing with no hidden fees, ensuring every rupee earned goes straight to the business.
Lightning-Fast Settlements
Skydo guarantees 24-hour settlements, eliminating long waiting periods that have traditionally slowed down cash flow for exporters.
Full Financial Automation
The platform isn’t just about payments—it’s a complete financial operating system. Skydo automatically generates compliance documents like FIRA, and integrates invoicing, payment reminders, and accounting tools. Exporters can now manage everything in one place.
Regulatory Boost: RBI Authorisation
Skydo is among the first fintechs to receive the Reserve Bank of India’s in-principle authorization as a Payment Aggregator – Cross Border (PA-CB). This approval underscores the startup’s credibility and opens doors for even greater adoption across the country.
Why Investors Are Betting Big
The $10 million funding round will help Skydo scale operations, enhance technology, and expand services to even more Indian exporters. Investors are betting on Skydo’s potential to solve one of the biggest pain points in international trade for small businesses.
What This Means for Indian Exporters
For exporters struggling with high fees, slow payments, and complex compliance requirements, Skydo is nothing short of a game-changer. By cutting costs, speeding up transactions, and automating compliance, the startup empowers businesses to focus on growth rather than financial headaches.
The Future of Cross-Border Payments in India
Skydo’s innovative approach could reshape the landscape of international trade in India. With zero-forex fees and a complete suite of financial tools, the platform is poised to become the backbone of India’s export economy, helping thousands of businesses thrive globally.
