B2B cross-border payments startup Xflow has raised $16.6 million in a Series A round at a valuation of $85 million. The round was led by General Catalyst, with participation from existing investors Square Peg, Stripe, Lightspeed, and Moore Capital. PayPal Ventures joined the round as a new investor.
The company has also received final PA-CB authorisation for both exports and imports.
The Bengaluru-based startup has raised $32 million to date, including a $10.2 million pre-Series A round in May 2023. The fresh capital will be used to scale operations…

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