Private Equity

PE-VC Fund Investments

Cross-border payments enabler Skydo raises $10-M from Susquehanna Asia VC, Elevation Capital

Business Standard  

Bengaluru-based Skydo has raised USD 10 million in a Series A funding round led by Susquehanna Asia VC with participation from existing investor Elevation Capital.Skydo is a cross-border payments fintech company that claims to serve over 30,000 micro, small, and medium enterprises (MSMEs), freelancers, and startups in India. It has received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator-cross border (PA-CB).The company plans to use the new funds for global expansion, beginning with the USA. It also intends to roll out additional features to its product suite, expand its distribution network, and continue product development.

Between Jun 2022 and Aug 2024, Skydo had attracted about USD 10 M from Better Capital, Elevation Capital, Eximius Ventures, Speciale Invest and others.