{"id":18030,"date":"2026-01-10T14:18:47","date_gmt":"2026-01-10T08:48:47","guid":{"rendered":"https:\/\/thecatalystonline.com\/?p=18030"},"modified":"2026-08-07T23:02:14","modified_gmt":"2026-08-07T17:32:14","slug":"skydo-gets-approval-to-operate-as-cross-border-payment-aggregator","status":"publish","type":"post","link":"https:\/\/thecatalystonline.in\/thecatalyst\/skydo-gets-approval-to-operate-as-cross-border-payment-aggregator\/","title":{"rendered":"Skydo approved by RBI to expand cross-border payment infrastructure"},"content":{"rendered":"\r\n

Bengaluru<\/a>-based cross-border payments platform Skydo<\/a> has received final authorisation from the Reserve Bank of India to operate as a Payment Aggregator\u2013Cross Border (PA-CB), enabling it to facilitate international payment collections for Indian exporters.<\/p>\r\n\r\n\r\n\r\n

The company serves over 30,000 Indian MSMEs, freelancers and startups in more than 50 cities, allowing them to collect payments in over 32 foreign currencies.<\/p>\r\n\r\n\r\n\r\n

The platform enables exporters to receive local payments from international clients, offers flat-fee pricing and provides access to compliance documentation such as Foreign Inward Remittance Certificates (FIRC), along with invoicing, payment reminders, and accounting integrations.<\/p>\r\n\r\n\r\n\r\n

Skydo was founded in 2021 by Srivatsan Sridhar and Movin Jain<\/strong> and is headquartered in Bengaluru. The company focuses on building cross-border payment infrastructure tailored for Indian exporters, MSMEs, and digital-first businesses, with an emphasis on regulatory compliance and risk controls.<\/p>\r\n\r\n\r\n\r\n

According to the company, the final authorisation allows it to expand its product offerings and deepen its presence across additional trade corridors, including markets considered operationally complex.<\/p>\r\n\r\n\r\n\r\n

Skydo said it plans to extend services beyond exports to cover imports and select domestic use cases over time.<\/p>\r\n\r\n\r\n\r\n

Skydo HAS raised $20 million in funding to date, including a $10 million Series A round led by Susquehanna Asia Venture Capital with participation from Elevation Capital. The company said it is targeting annualised payment volumes of $5 billion by 2027.<\/p>\r\n","protected":false},"excerpt":{"rendered":"

Cross-border payments startup Skydo gets final RBI nod to operate as a PA-CB and support global payment collections for Indian exporters.<\/p>\n","protected":false},"author":1,"featured_media":25871,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[89,67,72,87],"tags":[],"class_list":["post-18030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","category-market-watch","category-tech-investors","category-tech-news"],"acf":[],"yoast_head":"\nSkydo approved by RBI to expand cross-border payment infrastructure - Latest Tech News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thecatalystonline.in\/thecatalyst\/skydo-gets-approval-to-operate-as-cross-border-payment-aggregator\/\" \/>\n<meta property=\"og:locale\" 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