Xflow Raises $16.6 Million in Series A Led by General Catalyst at $85 Million Valuation

Xflow, a cross-border payments facilitator, based out of Bengaluru, has raised $16.6 million (approximately ₹151 crore) in a Series A funding round led by General Catalyst, as per recent news reports. The transaction values the Bengaluru-based company at $85 million.  

Existing investors Square Peg, Stripe, Lightspeed and Moore Capital participated in the round. PayPal Ventures joined as a new investor. Total capital raised to date exceeds $32 million. 

Regulatory Clearance 

The company has also received final approval for the Payment Aggregator-Cross Border (PA-CB) licence covering both export and import transactions. It had earlier been granted in-principle approval.  

With the full authorisation, Xflow can facilitate overseas collections and outward remittances for Indian businesses. It is among a small number of firms to hold both licences. 

Revenue and Transaction Profile 

Xflow said its top line grew tenfold in the first 9 months of FY26 compared with operating revenue of ₹30 crore in the previous year. In 2025, it started collections from more than 100 countries across 25 currencies. 

The company serves nearly 15,000 businesses, including software-as-a-service companies, IT services exporters, global capability centres and goods exporters. It also provides payments infrastructure to fintech firms such as Drip Capital and Easebuzz. Transaction sizes range from a few hundred dollars to $6-7 million. 

Products and Capital Use 

In addition to payment processing, Xflow offers foreign exchange management tools that allow exporters to select when to convert foreign currency within a defined window.  

The company said its FX AI Analyst tool helps customers realise an additional 8-10 paise per dollar on average. It also provides compliance support and accounting integrations. Reports suggest that the team comprises more than 60 employees across product, compliance, risk and partnerships. 

Read More: OptoML Raises US$1.8 Million to Power Next-Gen AI Chips! 

Conclusion 

The Series A funding and dual licence approval expand Xflow’s regulatory scope and capital base. The company intends to add products and seek licences in overseas markets. 

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