Xflow , an Indian startup focused on cross-border payments, just raised 16.6 million in Series A funding . General Catalyst led the round, and PayPal Ventures joined in, along with Lightspeed, Stripe, Moore Capital, and Square Peg. With this latest boost, the Bengaluru-based company has now pulled in over 32 million total. This is a big milestone for a fintech thats quickly making a name for itself in global payments.
The company started back in 2021, founded by payments veterans Anand Balaji, Ashwin Bhatnagar, and Abhijit Chandrasekaran. Their goal? Fix the stubborn problems that make cross-border B2B payments such a headache for Indian exporters and service providers. Domestic payments in India have gotten a major upgrade thanks to systems like UPI, but international business transfers still crawl along, bogged down by outdated banking processes and a frustrating lack of transparency. Xflow wants to turn that around with its technology.
A Strategic Vote of ConfidenceGeneral Catalyst, leading the Series A round, highlights top-tier institutional faith in Xflow's mission and technology to solve global B2B transfer flow problems. The backing of PayPal Ventures marks strong fintech players' trust in the emerging technology and the need for new cost-saving tools in the market. The new investment from existing investors Lightspeed and Stripe also confirms the positive momentum of the company.
