VC Fund Investments
Cross-border payments startup XFlow raises $10.2 M
XFlow, a fintech infrastructure company that simplifies cross-border payments for businesses, has raised a Pre-Series A round of USD 10.2 million. The round is led by Square Peg with participation from Moore Strategic Ventures and existing investors Lightspeed and General Catalyst. The new funds will be used towards expanding the product capabilities to support more currencies and local payment methods as well as growing business in India. Founded in 2021 by Anand Balaji and Ashwin Bhatnagar, XFlow's product is currently being used by Indian businesses such as Inkle, iCliniq, and WeWork India for international transactions. Previously, XFlow had raised USD 6 million in a seed funding round led by Lightspeed, Stripe, and General Catalyst.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
