With the approval, Skydo joins a group of fintech firms that have secured the licence since the RBI introduced the PA-CB regime for tighter oversight of cross-border payment flows. Other companies that have secured the licence include Razorpay, Cashfree Payments, Amazon Pay, BillDesk, and Adyen.
Skydo had received in-principle authorisation from RBI to operate as a PA-CB entity in January 2025.
Founded in Bengaluru, Skydo primarily serves micro, small and medium enterprises (MSMEs), freelancers, and startups that export services and digital goods. The company said it works with over 30,000 customers across more than 50 cities, and supports collections in over 30 currencies.
It enables Indian exporters to receive payments locally from overseas clients, with pricing linked to mid-market forex rates, and faster settlement timelines. It also provides exporters with compliance documentation such as foreign inward remittance certificates (FIRCs) through integrations with partner banks.
“The licence will help us build stronger trust with SMB and enterprise customers, global banks, and payments partners as we scale our volumes and expand across products and corridors,” said cofounder and CEO Srivatsan Sridhar.
The PA-CB framework, notified by RBI in 2023, requires payment aggregators handling cross-border transactions to meet stricter compliance, capital adequacy, data localisation, and risk management norms.
The company said it plans to expand its product suite and add more trade corridors following the approval, including markets that are considered operationally complex for Indian exporters, such as parts of Africa.
In December 2025, Skydo raised $10 million in a funding round led by US-based Susquehanna Investment Group (Susquehanna Asia VC). The round also saw participation from existing investors Elevation Capital and Eximus Ventures.
Source link
https://www.infinitycompliance.in/product/online-company-registration-in-india/