Skydo, India’s cross-border payments platform focused on exporters, has received final authorisation from the Reserve Bank of India to operate as a Payment Aggregator–Cross Border (PA-CB). With this approval, Skydo becomes one of the first cross-border fintechs in the country to secure the licence, marking a key milestone in India’s evolving global payments ecosystem.
Strengthening India’s Export Infrastructure
The RBI authorisation significantly strengthens Skydo’s position as a compliant, regulation-first payments partner for Indian exporters. The Bengaluru-based company currently serves over 30,000 MSMEs, freelancers, and startups across 50+ cities, enabling collections in 32+ currencies. As India targets USD 2 trillion in goods and services exports by FY30, platforms like Skydo are expected to play a critical role in supporting MSMEs and digital-first businesses operating globally.
Transparent, Compliant Cross-Border Payments
Skydo’s platform allows exporters to collect payments locally from international clients using transparent flat-fee pricing, with no markup on live mid-market FX rates and faster settlement timelines. The platform also offers instant access to compliance documentation such as Foreign Inward Remittance Certificates (FIRC) through deep integrations with partner banks. In addition, Skydo provides accounts-receivable tools including invoicing, payment reminders, ledgering, and ERP or accounting integrations.
Leadership Commentary
“The RBI authorisation is a strong testament to our compliance-first culture, secure systems, and robust risk controls,” said Awadhesh Ranjan, Head of Risk & Compliance at Skydo, highlighting the trust the licence signals to customers and global banking partners.
Co-founder and CEO Srivatsan Sridhar added that the approval validates Skydo’s focus on building well-governed, scalable payment rails as the foundation for an end-to-end financial operating system for global businesses.
Looking Ahead
With the final PA-CB licence in place, Skydo plans to expand across additional trade corridors and deepen its product suite. Backed by a USD 10 million Series A round led by Susquehanna Asia Venture Capital, Skydo is targeting USD 5 billion in annualised payment volumes by 2027, positioning itself as a key enabler of India’s global trade ambitions.
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