New Delhi, Dec. 10 -- Skydo has raised USD 10 million in Series A funding led by Susquehanna Asia Venture Capital, with participation from existing backer Elevation Capital. The Bengaluru-headquartered cross-border payments platform serves more than 30,000 MSMEs, freelancers, and startups across 50+ Indian cities, processing payments in over 32 currencies. The company is among the first to receive the RBI's in-principle nod as a Payment Aggregator - Cross Border (PA-CB), positioning it squarely inside the formal export payments stack.

As India chases a USD 2 trillion export target by FY30, Skydo is pitching itself as the financial "operating system" for outward-facing businesses that currently lose 3-7 percent of revenue to hidden forex ...