Skydo: Revolutionizing Indian B2B Cross-Border Payments

In the dynamic landscape of global trade, Skydo emerges as a game-changer for Indian businesses, streamlining the complexities of cross-border B2B payments. Founded in 2022 by Srivatsan Sridhar and Movin Shah, Skydo simplifies international transactions, enabling small businesses to thrive in the global market.

Skydo’s innovative platform allows Indian businesses to open international accounts with partner global banks using local KYC and KYB documents. This breakthrough has attracted significant investment, with over $5.2 million raised from prominent investors like Elevation Capital, Better Capital, and Eximius Ventures.

The startup currently works with 1,500 businesses and processes an impressive $50 million in payment volumes annually. Skydo’s tech stack moat positions it uniquely in the market, offering a seamless solution for businesses facing the challenges of international transactions.

Transforming Business Transactions

Skydo’s impact on the Indian B2B sector is profound. By providing accounts in multiple countries, it enables exporters to raise invoices using the respective country’s account, thereby simplifying the payment process. This approach not only reduces forex charges but also mitigates the hurdles of currency conversion and delayed payments.

The platform’s user-friendly interface and integration with Indian bank accounts make it an indispensable tool for SME exporters. Skydo’s technology ensures that international accounts are ready to accept payments, streamlining the invoicing process and fostering trust among global clients.

The Future of Cross-Border Payments

As Skydo continues to disrupt the traditional payment landscape, it paves the way for more efficient and cost-effective solutions. Its success story is a testament to the potential of fintech innovation in transforming the way businesses operate on a global scale.

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