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Receiving international business payments is costly & cumbersome with banks. Make it easy with Skydo!

Skydo is a Fintech Startup on a mission to make cross-border B2B payments hassle-free & reduce forex charges for businesses by more than 50%. Founded in Feb 2022 by Movin Jain and Srivatsan Sridhar, with a combined experience of over 20 years in the start-up space, Skydo’s cross-border payments platform aims to make global trade efficient for SMBs by providing solutions related to Compliance, Cost and Convenience.

The Bangalore based fintech helps companies especially Indian service providers create a global virtual account that can be put to use immediately - within 5 minutes! By partnering with leading banks across the globe, it provides businesses with their own foreign virtual accounts for receiving payments – without any taxation or compliance burdens. Skydo converts the money at live Fx rate with ZERO markup & charge a flat fee for every transaction.

It offers a seamless way to ‘get paid locally’ from overseas clients which is convenient, fast and cost-efficient. The company has raised USD 5.2 million in a seed round led by Elevation Capital. Skydo is headquartered in the US (Delaware) with subsidiaries in the US, Singapore and India.

Core Team

Core Team
Srivatsan Sridhar, Founder and CEO of Skydo, was Senior vice president, leading business at digital gold loan platform Rupeek and a senior director at cab-hailing company Ola. He has also worked with consulting firms such McKinsey & Company. Movin Jain, Co-Founder, Skydo- Movin has worked with one of India’s biggest payments platform PhonePe where he worked closely with NPCI, RBI, Banks & Payment Gateways to ensure seamless user experience. In his decade-long journey he has also worked with OLA cabs, Meesho and InMobi. Skydo is his second start-up, previously he founded and was the CTO of Galleri5 a marketplace for social media influencers. He has also worked as a fixed income trader at Barclays Investment Bank, London. He attended the Indian Institute of Management Ahmedabad and is a computer science engineer from IIT Delhi.


Products & Services
Skydo helps Indian exporters and freelancers receive payments effortlessly- without any taxation or compliance burdens and at a cost-effective flat rate. Serving as a one stop shop for all payment requirements – encompassing invoicing, payments, and accounts receivables – we offer a seamless experience. Transparency is at the core of our ethos.We have a flat fee structure and zero fx charges. Furthermore, we take transparency to a new level by displaying the precise date and time of currency conversion, allowing customers to cross-reference against live rates. Our payment tracking service is similar to parcel tracking on platforms like Amazon – putting an end to the anxiety that often arises when a money transfer has been initiated from the sender's country but is yet to reflect in the recipient's bank account. As an added benefit, we provide GST-compliant remittance advice and centralize all your documentation, negating the need to scramble for invoices and payment receipts come quarter-end. Skydo has recently introduced an invoicing feature tailored to businesses. This feature not only facilitates the creation of sleek, professional invoices but also supports the newly launched government initiative for e-invoicing.

Contact Information

GSTN Number
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