Skydo Secures Over $10M Series A to Accelerate Global Payments Expansion

Why It Matters

The capital injection accelerates Skydo’s global footprint, positioning it to capture a fast‑growing market for low‑cost, compliant cross‑border payments for Indian SMEs and tech firms.

Key Takeaways

• $10M Series A led by Susquehanna Asia VC
• Expanding to 20+ countries across emerging markets
• Targeting $5B payment volume within two years
• Serves 30,000 Indian SMBs with zero forex fees
• Adding card acceptance, compliance automation, developer APIs

Pulse Analysis

Cross‑border payments have become a critical growth lever for Indian small and medium enterprises seeking to tap overseas demand. Traditional banking channels often impose high foreign‑exchange spreads and lengthy settlement times, forcing firms to rely on fragmented solutions. Skydo’s unified stack—combining global collections, payouts, card acceptance, and automated compliance—offers a transparent flat‑fee model and 24‑hour settlement, directly addressing the pain points of SMBs and freelancers operating in over 50 Indian cities.

The recent $10 million Series A, anchored by Susquehanna Asia Venture Capital, provides Skydo with the financial runway to scale its infrastructure across 20+ new markets in Latin America, Africa, Southeast Asia and the Middle East. Securing local regulatory licences will enable the platform to offer domestic collection accounts, reducing friction for merchants and their foreign clients. Simultaneously, the infusion supports product deepening, including developer‑first APIs, card acceptance, and advanced compliance automation, positioning Skydo as a one‑stop fintech partner for both Indian exporters and emerging Bay‑Area startups.

Industry analysts view Skydo’s aggressive growth targets—four‑fold revenue increase last year and a $5 billion annualised payment volume goal within two years—as indicative of the broader fintech surge in emerging economies. By leveraging a zero‑forex‑fee structure and real‑time invoicing tools, Skydo differentiates itself from legacy banks and niche payment gateways. If the company sustains its expansion and regulatory momentum, it could reshape the competitive landscape, compelling larger players to adopt similar transparent pricing and API‑centric models to retain cross‑border SMB clientele.

Deal Summary

Bengaluru‑based cross‑border payments platform Skydo announced it has closed a Series A round of over $10 million, led by Susquehanna Asia Venture Capital with participation from Elevation Capital. The funding will fuel expansion into Latin America, Africa, SE Asia and the Middle East, and support regulatory licensing and product development.