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Skydo raised $10M to expand globally and boost Indian exporters' payments.
Bengaluru-based Skydo, a cross-border payments platform for Indian exporters, has raised $10 million in Series A funding led by Susquehanna Investment Group.
The company, which now has $20 million in total funding, plans to expand into 20+ new markets across Latin America, Africa, Southeast Asia, and the Middle East, including launching in the US with a goal to secure a payment license.
It aims to grow its transaction volume to $5 billion annually within two years, enhance its InstaLinks card acceptance, improve reconciliation tools, and open its infrastructure via APIs.
Skydo serves around 30,000 Indian MSMEs and freelancers, offering zero FX mark-ups, flat fees, and 24-hour settlements to reduce revenue losses from traditional payment systems.
Skydo recaudó $ 10M para expandirse a nivel mundial y aumentar los pagos de los exportadores indios.