Xflow secures Series A funding led by General Catalyst
24 Feb 2026, 05:11 PMThe startup also received its final approval from the RBI to act as a payment aggregator for cross-border transactions.
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Fintech startup Xflow has raised $16.6 million in its Series A funding round led by General Catalyst.
The funding round saw participation from existing investors Square Peg, Stripe, Lightspeed, and Moore Capital, and PayPal Ventures, which has joined as a new investor.
The fresh capital will be used to scale operations and expand to new markets.
The fresh capital will be used to scale operations and expand to new markets.
The startup has also received its final approval from the Reserve Bank of India (RBI) to act as a payment aggregator for cross-border (PA-CB) transactions for imports and exports.
The company was founded by Anand Balaji, Ashwin Bhatnagar, and Abhijit Chandrasekaran in 2021. It enables cross border payments for startups, growth companies, aggregators and enterprises. Xflow builds cross-border payments infrastructure for businesses to send and receive money globally, manage foreign exchange and with fund settlements in India.
It has raised $32 million so far in total funding. It had previously raised $10.2 million in May 2023 in its pre-series A funding.
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