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.
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.