Skydo gets final RBI nod for cross-border payment aggregator license
09 Jan 2026, 04:56 PMLast year, Skydo raised $10 million in a Series A funding led by Susquehanna Asia Venture Capital.
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Skydo, a cross-border payments platform for exporters, said it has received the final approval from the Reserve Bank of India (RBI) to operate as a cross-border payment aggregator.
The license will enable the company to build transparent and seamless payment infrastructure for Indian micro, small and medium enterprises (MSMEs) to grow globally, it said in a statement.
The Bengaluru-based company serves more than 30,000 Indian MSMEs, freelancers and startups across more than 50 cities and supports collections in over 32 currencies.
"The license will help us build stronger trust with SMB and enterprise customers, global bank and Payments partners as we scale our payment volumes significantly, and expand across products and corridors," said Srivatsan Sridhar, co-founder and CEO of Skydo.
Movin Jain, co-founder, Skydo, noted that as a regulated entity it will be able to effectively manage the risk of money laundering and financial crime.
Last year in December, Skydo raised $10 million in a Series A funding led by Susquehanna Asia Venture Capital, with participation from existing investor Elevation Capital, underling significant venture capital interest in cross-border startups in India.
The RBI has handed out cross-border payment aggregator licenses to fintech majors such as Paytm, RazorPay and Pine Labs as well as to other companies including EximPe in the last one year.
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