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Skydo recently announced its $10 million Series A funding round to support its expansion into cross-border payments, serving over 50,000 businesses.

PRIVATEAug 16, 2026•about 4 hours ago

Amount Raised

$10 Million

Round Type

Series A

BengaluruFinancial ServicesPaymentsFintech

Description

Skydo has crossed $1 billion in annualized payment volume and received multiple regulatory approvals to support its expansion. The company aims to further develop its platform for collections and payouts. With growing demand for payment infrastructure in India, Skydo is positioned to enhance its cross-border payment solutions. Their funding will help facilitate this growth.

Company Information

Company

Skydo

Location

Bengaluru, Karnataka, India

About

Skydo is a cross-border payments platform founded in 2022 by Srivatsan Sridhar and Movin Jain. It aims to simplify international payments for SMB exporters, enterprises, and freelancers by offering a flat-fee pricing model. The platform processes payments in 32 currencies and supports over 6,000 Indian exporters. Since its inception, Skydo has processed payments of over $100 million, highlighting its significant impact on reducing forex transaction costs.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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