Policy · Financial Services

Skydo gets RBI licence for cross-border payments

By Startup Enthusiast · 9 January 2026

What they do

Skydo helps Indian exporters collect payments from international clients in local currencies

It received final RBI authorisation to operate as a Payment Aggregator-Cross Border, among the first fintechs to get it

The licence follows a Series A of USD 10 million and supports its goal of USD 5 billion in annual volumes by 2027

Skydo received final authorisation from the RBI to operate as a Payment Aggregator-Cross Border (PA-CB).
The company had received an in-principle approval from the RBI in January last year.
It is among the first cross-border fintechs to secure the PA-CB licence.
The licence allows Skydo to legally handle cross-border payments for exporters.
Skydo also secured Payment Service Provider (PSP) approval from Amazon for its Global Selling program.
The RBI has tightened oversight of cross-border payments by bringing them under the payment-aggregator framework.

The licence comes as India targets USD 2 trillion in goods and services exports by FY30.
RBI's move to regulate cross-border payments aims to increase transparency and reduce illegal outflows.
Skydo's early licence positions it to capture a growing market as more Indian MSMEs go global.
The company's USD 10 million Series A in December last year shows investor confidence in its model.

Skydo enables exporters to collect payments locally from international clients.
It offers transparent flat-fee pricing with no markup on live mid-market FX rates.
The platform provides fast settlements and instant access to compliance documents like FIRC.
It has a unified stack covering global collections, payouts, card acceptance, and compliance automation.
Skydo offers Accounts-Receivable tools including invoicing, payment reminders, and ledgering.
It integrates with ERP and accounting systems for seamless financial management.
The company introduced local payment acceptance in difficult corridors like Africa.
Skydo serves more than 30,000 Indian MSMEs, freelancers, and startups across over 50 cities.
It supports collections in more than 32 currencies.

Skydo plans to expand coverage across additional trade corridors.
It will deepen its product stack with more value-added services.
The company is on track to reach USD 5 billion in annualised payment volumes by 2027.

Susquehanna Asia Venture Capital (lead) — Led the Series A round in December last year.
Elevation Capital (participated) — Participated in the Series A round.

Product: border payments startup
Customers: Indian MSMEs, exporters, freelancers, and startups that invoice and receive payments from overseas clients.
How it makes money: Charges transparent flat fees per transaction with zero foreign exchange markups.
What sets it apart: Provides zero forex markup with live mid-market exchange rates and automated compliance filings like FIRA.