Susquehanna Asia Venture Capital led the most recent Series A fundraising round for cross-border payments startup Skydo, which raised $10 million.
As demand for frictionless international payments continues to soar, the new funding will help the company strengthen its compliance infrastructure, accelerate product innovation, and increase its global footprint.

Skydo, which is well-known for providing transparent, affordable, and quick cross-border payment services, wants to make cross-border transactions easier for Indian independent contractors, SMBs, and multinational corporations.

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With the additional funds, Skydo intends to:

• Provide sophisticated payment options for companies who trade in USD, EUR, GBP, and other currencies.
• Incorporate more thorough compliance and fraud-prevention measures
• Collaborate with international financial organizations
• Faster settlement times and automated operations can improve user experience.

With this financing, the company hopes to become the go-to cross-border payment platform for Indian exporters, service providers, and online business owners.

Skydo has great potential to close the global payments gap for emerging economies, according to Susquehanna Asia Venture Capital, which is well-known for supporting high-growth software businesses.

According to analysts:

• The digitalization of international commercial payments is increasing.
• India’s export market for SMBs and independent contractors is expanding.
• Demand for transparent and inexpensive international transactions is rising.

Skydo is a desirable participant in an industry that is ready for disruption because of its scalable and regulation-ready design.

India is currently one of the fastest-growing locations for international service exporters, ranging from digital commerce and freelancing to SaaS and consulting.
This expansion is creating a huge demand for:

• Reduced transaction costs
• Quicker settlements
• Simple onboarding
• No additional fees
• Multi-currency accounts and seamless worldwide wallets

Millions of Indian professionals and enterprises will find it easier to make overseas payments using Skydo’s solution to these problems.

An important turning point in India’s developing cross-border payments industry has been reached with Skydo’s successful $10 million Series A financing.
With the support of investors and a solid product roadmap, the company is well-positioned to grow quickly and enable Indian companies to function with ease on the international scene.