India, Dec. 11 -- Skydo, a Bengaluru-based cross-border payments platform serving Indian exporters, has raised USD 10 million in Series A funding led by Susquehanna Asia Venture Capital, with participation from existing investor Elevation Capital.

The company currently works with more than 30,000 MSMEs, freelancers and start-ups across over 50 cities, processing payments in more than 32 currencies. Skydo was among the first firms to receive the Reserve Bank of India's in-principle authorisation as a Payment Aggregator, Cross Border (PA-CB).

India aims to reach USD 2 trillion in exports of goods and services by FY30, driven by a rapidly expanding base of MSMEs and digital-first businesses. However, exporters continue to face significant ...