Funding to expand global cross-border payments infrastructure
Xflow, a B2B cross-border payments startup, has raised $16.6 million (approximately Rs 138 crore) in a Series A funding round led by General Catalyst, with participation from existing investors Square Peg, Stripe, Lightspeed, and Moore Capital. PayPal Ventures joined the round as a new investor. The startup was valued at $85 million post-investment. The Bengaluru-based company will use the fresh capital to scale operations and expand into new geographies, strengthening its global payments infrastructure. With this round, Xflow has raised a total of $32 million to date, including a $10.2 million pre-Series A round in May 2023.
Regulatory approvals strengthen global transaction capabilities
Alongside the funding, Xflow has received final Payment Aggregator–Cross Border (PA-CB) authorisation for both exports and imports. This regulatory milestone allows the company to support international payments for Indian exporters while also enabling overseas merchants and payment platforms to process transactions into India. The licences enhance Xflow’s compliance framework and position it to compete more effectively in the regulated cross-border payments ecosystem.
Building compliant payment infrastructure for global businesses
Co-founded by Anand Balaji, Ashwin Bhatnagar, and Abhijit Chandrasekaran, Xflow provides cross-border payment solutions for SMEs, freelancers, and enterprises, including IT services exporters and funded startups. The platform enables businesses to collect payments from over 100 countries across 25+ currencies. It also offers treasury intelligence tools such as its FX AI Analyst, helping companies optimise foreign exchange decisions and improve transaction efficiency.
Rapid growth driven by fintech partnerships and SME adoption
Xflow has expanded to nearly 15,000 users, including SaaS companies, global capability centres, and exporters. It also powers international payment infrastructure for fintech platforms such as Drip Capital and Easebuzz. The company has processed hundreds of millions of dollars in transactions, reflecting strong demand as Indian businesses increasingly operate in global markets.
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