- Skydo, a cross-border payment startup, has raised $5 million in a new equity round led by Elevation Capital, with participation from angel investors.
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- Skydo, a cross-border payment startup, has raised $5 million in a new equity round led by Elevation Capital, with participation from angel investors.
- This marks the second equity infusion for Skydo, following a $5 million raise in its first institutional round from Elevation Capital in 2022.
- Skydo supports small businesses and freelancers in accepting payments from outside India and is awaiting a cross-border payment aggregator licence from the Reserve Bank of India (RBI).
- CEO Srivatsan Sridhar mentioned plans to apply for a domestic payment aggregator licence to complete their product suite and support larger companies.
- Skydo processes payments from over 100 countries in 32 currencies, with an annual TPV run rate of $120 million, and aims to increase this fivefold by the end of the financial year. 

 Source: [Economic Times](https://economictimes.indiatimes.com/tech/funding/payments-startup-skydo-secures-5-million-in-funding-from-elevation-capital-others/articleshow/112472721.cms?from=mdr)

Payments Startup Skydo Secures $5 Million in Funding from Elevation Capital and Others