New Delhi, Jan. 7 -- Skydo, a Fintech Startup founded in Feb 2022 by Movin Jain and Srivatsan Sridhar, aims to streamline cross-border B2B payments, cutting forex charges for businesses by over 50%. Headquartered in Bangalore, the company enables Indian service providers to create a global virtual account within 5 minutes. Partnering with leading banks worldwide, Skydo provides businesses with foreign virtual accounts for receiving payments, and converting currencies at live FX rates with zero markup and a flat transaction fee.

The company raised USD 5.2 million in a seed round led by Elevation Capital. Based in the US (Delaware), Skydo has subsidiaries in Singapore and India, offering a convenient, fast, and cost-efficient solution for ...