Skydo
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.