logo skydo

Help lead global cross-border payments

img Skydo

Fintech

Invested in 2022

Skydo is a cross-border payments platform that helps reduce friction, cost and time of transactions for small and medium exporters by partnering with leading banks across the globe.

current value

Current Value

<$50Mn

Funding Stage

Seed

Founder Icon

Founders

Movin Jain

Movin Jain

other investors

Other Investors

Elevation Capital

Elevation Capital

Better Capital

Reason For Investment

Indian exports have risen multi-fold as more global markets are becoming receptive to India-manufactured goods and in order to diversify supply chains (China+1 strategy). However, cross-border transactions still operate on decades-old systems like SWIFT, MTSS, and various postal channels, charging high transaction fes and are plagued with issues like delays. Backed by a team with digital payments experience, Skydo is solving for the above issues by creating virtual foreign accounts hassle-free, charging zero markups & flat transaction fees, and providing real-time tracking features.

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