Skydo Crosses $1B Mark As It Builds A Broader Payments Network
Skydo, the cross-border payments fintech has crossed $1 billion in annualized payment volume and now serves more than 50,000 businesses. The milestone comes as the company expands its regulatory footprint and builds out its presence across India, the US and GIFT City.
The company is also targeting more than $5 billion in annualized payment volume over the next two years as it enters new geographies, develops additional payment corridors and expands its financial product portfolio for businesses operating across borders.
Cross-Border Payments Are Becoming A Two-Way Problem
The growth of Indian businesses with international customers and suppliers is creating a broader payments requirement. According to the figures provided by Skydo, India's combined merchandise and services exports reached $860 billion in FY2025-26, while imports crossed $979 billion.
For businesses, this translates into multiple payment journeys. An exporter may need to collect from an overseas customer, while the same company may also...
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