Bengaluru-based fintech startup Xflow has secured $16.6 million in a Series A funding round led by General Catalyst. The round also saw participation from existing investors Square Peg, Stripe, Lightspeed, and Moore Capital, as well as a new investment from PayPal Ventures.
Xflow, co-founded by Anand Balaji, Ashwin Bhatnagar, and Abhijit Chandrasekaran, focuses on streamlining international transactions for SMEs, ITES firms, and startups. The company’s recent achievement of final PA-CB authorization for both exports and imports marks a significant milestone in its growth trajectory.
The latest funding, which adds to a previous $10.2 million pre-Series A round, will be crucial in expanding Xflow’s geographical reach and enhancing its service offerings. By catering to overseas merchants and payment aggregators with the PA-CB Imports license and fortifying its solutions with the PA-CB Exports license, Xflow aims to further amplify its impact in the cross-border payments landscape.
Xflow has significantly expanded its user base, now serving nearly 15,000 clients, including SaaS companies, GCCs, and IT service exporters. The company’s international payments infrastructure has benefited fintech entities like Drip Capital and Easebuzz, facilitating transactions across multiple currencies and geographies.
Xflow’s FX AI Analyst empowers data-driven treasury decisions and enhances foreign exchange outcomes for Indian businesses across 100 countries and over 25 currencies. With a track record of servicing over 10,000 businesses and processing substantial transaction volumes, Xflow continues to strengthen its position as a key player in the cross-border fintech domain.
Source: Entrackr : Latest Posts