Cross-border payments solutions startup XFlow raised $10.2 million led by Square Peg

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Cross-border payments solutions startup XFlow raised $10.2 million as part of its Pre-Series A led by Australian venture capital (VC) firm Square Peg where Lightspeed, General Catalyst and Moore Strategic Ventures also participated.

The cash will be used to drive the startup’s growth, strengthen its technology stack, and extend its product offerings. The funds will be used to support new currencies, include more payment methods, and grow the firm to international markets.

A portion of the funds will also be used to increase recruiting, namely in the tech, sales, marketing, and design sectors. XFlow is a B2B fintech firm that enables Indian businesses to send and receive money in a regulatory-compliant manner. The startup claims to be targeting clients ranging from small and medium-sized businesses (SMEs) to corporate platforms.

This comes a few years after XFlow raised $6 million in seed funding in October 2021, headed by Lightspeed, Stripe, and General Catalyst.

XFlow serves a diverse clientele for international transactions, including WeWork India, Inkle, and iCliniq.

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Cross-border payments solutions startup XFlow raised $10.2 million led by Square Peg

Cross-border payments solutions startup XFlow raised $10.2 million as part of its Pre-Series A led by Australian venture capital (VC) firm Square Peg where Lightspeed, General Catalyst and Moore Strategic Ventures also participated.

The cash will be used to drive the startup’s growth, strengthen its technology stack, and extend its product offerings. The funds will be used to support new currencies, include more payment methods, and grow the firm to international markets.

A portion of the funds will also be used to increase recruiting, namely in the tech, sales, marketing, and design sectors. XFlow is a B2B fintech firm that enables Indian businesses to send and receive money in a regulatory-compliant manner. The startup claims to be targeting clients ranging from small and medium-sized businesses (SMEs) to corporate platforms.

This comes a few years after XFlow raised $6 million in seed funding in October 2021, headed by Lightspeed, Stripe, and General Catalyst.

XFlow serves a diverse clientele for international transactions, including WeWork India, Inkle, and iCliniq.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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