India, Dec. 10 -- Cross-border payments startup Skydo has raised $10 Mn (about INR 89.8 Cr) in its Series A funding round led by Susquehanna Asia Venture Capital, with participation from existing investor Elevation Capital.

The Bengaluru-based startup plans to deploy the fresh capital to expand its global footprint, get regulatory licences in international markets, and expand its product suite. Skydo plans to expand its local currency collection solutions to more than 20 countries across Latin America, Africa, Southeast Asia, and the Middle East.

Additionally, the startup also aims to scale its card acceptance offering InstaLinks and launch advanced APIs for SaaS companies, marketplaces, and fintechs to embed Skydo's global payment rail...