What is Skydo?
Skydo is a Bengaluru-based fintech company that empowers Indian exporters, freelancers, and small and medium-sized enterprises (SMEs) by providing instant, transparent, and compliant cross-border payment services. The platform integrates essential financial tools, including invoicing, reconciliation, and a comprehensive global payment infrastructure, streamlining international financial operations for its clientele. This strategic positioning in the burgeoning Indian fintech market allows Skydo to address critical needs for efficient global commerce.
How much funding has Skydo raised?
Skydo has raised a total of $15M across 2 funding rounds:
Other Financing Round
$5M
Series A
$10M
Other Financing Round (2024): $5M with participation from Elevation Capital
Series A (2025): $10M led by Elevation Capital and Susquehanna International Group
Key Investors in Skydo
Elevation Capital
Elevation Capital is a venture capital firm focused on investing in transformative ideas and technologies that shape the future. They evaluate and understand the exponential nature of technology, investing in visionary individuals and endeavors.
Elevation Capital
Elevation Capital, based in Panathur, Karnataka, India, operates within the Venture Capital & Private Equity industry, supporting companies with significant growth potential.
Susquehanna International Group
Susquehanna International Group (SIG) is a global financial firm specializing in quantitative applications for securities markets. They engage in investment banking, research, trading, private equity, and venture capital.
What's next for Skydo?
With the recent major strategic investment and a history of substantial enterprise-level funding, Skydo is poised for accelerated expansion. The company's focus on enhancing its integrated payment infrastructure and expanding its reach to more Indian SMEs and exporters suggests a strategic push towards solidifying its market leadership. Future developments are likely to center on further innovation in compliance technology and the broadening of its global payment network, aiming to capture a larger share of the cross-border payment market.
See full Skydo company page
