Cross-border payments fintech Skydo has raised $10 million in a Series A round led by Susquehanna Asia Venture Capital with participation from existing investor Elevation Capital, at a time when investor interest in cross-border payments startups is picking up again.

The company plans to use the capital to expand local collection capabilities in more than 20 countries, obtain international licences, and build deeper card and compliance infrastructure.

“With this capital, we now have the confidence to invest in the US market, build a team there, and really double down on our global expansion journey,” said cofounder Movin Jain in an interaction with Moneycontrol.

The Bengaluru-based fintech says it serves more than 30,000 MSMEs, freelancers and startups across over 50 cities, processing

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