{"id":184290,"date":"2025-12-10T05:58:08","date_gmt":"2025-12-10T05:58:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/184290\/"},"modified":"2025-12-10T05:58:08","modified_gmt":"2025-12-10T05:58:08","slug":"skydo-raises-10-mn-in-series-a-led-by-susquehanna-asia-vc","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/184290\/","title":{"rendered":"Skydo raises $10 Mn in Series A led by Susquehanna Asia VC"},"content":{"rendered":"

Bengaluru-based cross-border payments platform Skydo has raised $10 million in its Series A round led by Susquehanna Asia Venture Capital, with participation from existing investor Elevation Capital.<\/p>\n

Skydo has raised $19.7 million in equity funding so far, led by Elevation Capital, including a $5 million<\/a> round in August last year.<\/p>\n

The new proceeds will be used to expand local collections across more than 20 new countries in Southeast Asia, the Middle East, Africa, and Latin America.\u00a0<\/p>\n

Founded by Srivatsan Sridhar and Movin Jain, Skydo allows exporters to receive payments through local collections across multiple countries, along with flat-fee pricing, zero forex markups, and 24-hour settlement.\u00a0<\/p>\n

The platform also automates compliance documentation such as FIRA and offers tools for invoicing, reminders, and accounting integration.<\/p>\n

Skydo currently serves over 30,000 MSMEs, freelancers, and startups across more than 50 cities.\u00a0<\/p>\n

The platform processes transactions in over 32 currencies and was among the first companies to receive the Reserve Bank of India\u2019s in-principle approval<\/a> under the Payment Aggregator\u2013Cross Border (PA-CB) framework.<\/p>\n

The company claims it has grown its payment volume fourfold over the past year and is now targeting $5 billion in annualised transaction volume within the next two years.<\/p>\n

Disclaimer:<\/p>\n

Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here<\/a>.<\/p>\n

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