Skydo resurfaces its $10m Series A raise to enter US and scale cross-border payments

Bengaluru-based, RBI-approved payments aggregator Skydo is being spotlighted again for a December-2025 Series A round it will use to expand into the US, add import-payment capabilities and broaden distribution. The company serves 30,000-plus Indian MSMEs, freelancers and startups and is targeting $5 billion in annualised payment volume within two years.

— Source publishedWed, 10 Dec, 2025, 06:02 IST·First seen Sun, 27 Sept, 2026, 14:14 IST·Source Business Standard (via Wayback)

What happened

Bengaluru-based cross-border payments fintech Skydo raised $10 million in Series A funding to expand into the US, add import-payment capabilities and broaden

Key facts

  • $10 million Series A funding
  • $5 million raised in 2024
  • over 30,000 Indian MSMEs, freelancers and startups served
  • $1 trillion US payments market target
  • $5 billion annualised payment volume target
  • local collections across over 20 countries

Why this matters

Skydo’s RBI-approved infrastructure, import-payment roadmap and US entry make it a potential payments partner or acquisition target for firms building India–US merchant-finance ecosystems.

What to watch

  • Announcement of US launch timing, regulated partners or money-transmitter licensing coverage.
  • Growth in active merchants, repeat-payment rates and annualised payment volume.
  • Launch and adoption of import-payment or supplier-payment products.
  • Pricing changes in FX spreads, collection fees and USD settlement times.
  • Partnerships with ecommerce marketplaces, logistics providers, banks or export-promotion bodies.
  • Compliance incidents, RBI regulatory changes or elevated cross-border transaction scrutiny.
  • Secure US sponsor-bank, money-transmission and local collection-account partnerships.
  • Launch USD collection and payout products tailored to Indian D2C exporters, marketplaces and service sellers.
  • Add import-payment workflows for Indian retailers paying overseas suppliers.
  • Expand distribution through ecommerce platforms, export associations, accountants and SME-focused banks.
  • Introduce FX-risk, payment reconciliation and working-capital products as transaction data scales.