India-based cross-border payments platform Skydo said on August 11 that it serves more than 50,000 businesses and has surpassed US$1 billion in annualized payment volume.

The Bengaluru-headquartered company focuses on business-to-business (B2B) cross-border payments, including services for Indian exporters.

Skydo said the growth followed its US$10 million series A round in December 2025, led by Susquehanna Asia Venture Capital, with participation from Elevation Capital and Eximius Ventures.

The company also expanded its regulatory presence in India, Gujarat International Finance Tec-City (GIFT City), and Canada.

Over the past year, the company said it received final Reserve Bank of India authorization as a Payment Aggregator Cross-Border and approval to support domestic and outward payments.

It also received in-principle payment service provider authorization from the International Financial Services Centres Authority in GIFT City.

🔗 Source: Skydo