Bengaluru-based startup Xflow has successfully raised $16.6 million in a Series A funding round led by General Catalyst, with participation from Square Peg, Stripe, Lightspeed, and Moore Capital. PayPal Ventures has also joined as a new investor, valuing the company at $85 million. This funding will enable Xflow to expand its cross-border payments solutions.
Notably, Xflow has obtained full approval for the Payment Aggregator Cross Border (PA-CB) license, allowing it to facilitate seamless cross-border transactions for both exports and imports. This milestone opens the door for Indian businesses to efficiently send money abroad and receive international payments.
Xflow’s revenue growth has been significant, with a reported 10x increase in the first nine months of FY26 compared to the previous year. Currently serving around 15,000 businesses, including SaaS firms, IT services exporters, and global capability centers, Xflow focuses on high-value B2B transactions, differentiating itself from traditional banks.
The startup’s strategic partnerships with global banks and fintech companies have positioned it as a key player in the cross-border payments ecosystem, catering to businesses of varying sizes and transaction volumes. With plans to further enhance its services and expand its clientele, Xflow is poised to drive greater efficiency and convenience in international transactions.
Source: Inc42 Media