US-based digital payments major PayPal has participated in the round as a new investor. Other existing investors — Lightspeed, Stripe, Moore Capital and Square Peg — have also participated.
With this round, Xflow has raised $32 million over three institutional funding rounds. The startup had last raised $10 million in 2023.
Anand Balaji, cofounder of Xflow, told ET that the company plans to use the funds to build new…

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