Skydo
“Can a flat-fee, RBI-licensed virtual-account platform become the financial OS for India's 40,000+ small and mid-market exporters as they move off SWIFT and PayPal?”
Founded in 2022 to address the friction Indian exporters face when receiving foreign payments via SWIFT and PayPal. Skydo built local virtual receiving accounts (USD/EUR/GBP/CAD/AUD/SGD) backed by partner banks, charging flat fees with zero FX margin. With RBI's PA-CB framework formalised in late 2023, Skydo secured final PA-CB authorisation, positioning it alongside Razorpay, Cashfree, and Pay10 in the regulated cross-border collections space for Indian MSMEs. The Amazon PSP license and Series A in 2025 mark a shift from pure collections to a broader 'financial OS for exporters' — adding payouts to Indian vendors/contractors and AI-driven compliance.