Bengaluru: Cross-border payments platform Xflow has raised $16.6 million in its Series A funding round led by General Catalyst, marking a major milestone in the company’s growth journey. The round saw participation from existing investors including Lightspeed India, Square Peg, Stripe, and Moore Capital Management, along with new investor PayPal Ventures.
With this round, Xflow’s total funding has crossed $32 million. The company said it is now the first Indian fintech startup to be backed by both Stripe and PayPal Ventures, two of the world’s largest global payments infrastructure providers.
In addition to the funding, Xflow has also secured its final Payment Aggregator – Cross Border (PA-CB) authorisation for both exports and imports from the Reserve Bank of India, strengthening its regulatory position in India’s cross-border payments ecosystem.
The latest capital infusion will support Xflow’s efforts to scale its cross-border payments platform, expand global coverage, and enhance product capabilities for Indian exporters and importers. The company focuses on simplifying international payments for businesses through faster settlements, transparent pricing, and compliance-ready infrastructure.
The PA-CB licence enables Xflow to offer regulated cross-border payment services, a key requirement as India tightens oversight of international payment flows. Industry observers say the combination of strong global investor backing and regulatory approval positions Xflow well to compete in the rapidly growing cross-border fintech segment.
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Xflow’s growth reflects increasing demand from Indian businesses for seamless, compliant, and cost-efficient global payment solutions amid rising international trade and digital adoption.
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