What is Skydo?
Skydo operates at the intersection of finance and international trade, providing Indian exporters, freelancers, and small to medium-sized enterprises (SMEs) with a robust platform for receiving cross-border payments. The company's integrated infrastructure facilitates instant, transparent, and compliant transactions, complemented by features such as invoicing and reconciliation. This comprehensive approach aims to streamline global financial operations for its clientele, positioning Skydo as a key enabler of international commerce for Indian businesses.
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 that invests in companies with a vision for the future, particularly those leveraging technology to address global challenges. They focus on understanding exponential technological evolution and its impact.
Susquehanna International Group
Susquehanna International Group (SIG) is a global financial firm providing services across major securities markets. They specialize in quantitative applications for liquidity provision and execution, with interests in investment banking, private equity, and venture capital.
Elevation Capital
Elevation Capital is a venture capital firm focused on investing in transformative ideas and technologies that aim to elevate humanity. They are particularly interested in the future impact of AI and steer investments towards ventures with a clear vision and deep technological understanding.
What's next for Skydo?
The recent major enterprise-level funding and strategic investment indicate Skydo's strong market traction and potential for significant scaling. With this capital infusion, the company is poised to enhance its technological infrastructure, expand its service offerings, and broaden its market reach. Skydo's focus on compliance and transparency in cross-border payments is likely to be a key differentiator as it navigates the evolving landscape of global fintech and aims to capture a larger share of the export and SME payment market.
See full Skydo company page
