Founded in 2022 by Movin Jain and Srivatsan Sridhar, Skydo is a global fintech startup on a mission to make cross-border B2B payments hassle-free. By reducing forex charges for businesses by more than 50%, Skydo empowers Indian companies and freelancers to work seamlessly with global clients.
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Operating under RBI’s PA-CB framework, Skydo partners with leading banks worldwide to provide businesses with their own foreign virtual accounts for receiving payments — without taxation or compliance burdens.
The Founders
- Srivatsan Sridhar – With over 15 years of professional experience at McKinsey, Rupeek, and Ola, Srivatsan also managed his family’s automotive export business. His firsthand exposure to the challenges exporters face with international payments inspired him to co-create Skydo.
- Movin Jain – An IIT Delhi and IIM Ahmedabad graduate, Movin began his career as a trader at Barclays Bank in London. He later spent over a decade shaping products at InMobi, Ola, and PhonePe. His passion for technology and finance drives Skydo’s vision of building a scalable, tech-led payments platform.
Together, they are dedicated to transforming the cross-border payments landscape for businesses in India and beyond.
How Skydo Works
Skydo’s platform is designed to be fast, transparent, and affordable.
- Businesses can create a US virtual account in just 5 minutes by signing up at skydo.com.
- Payments are converted at live FX rates with ZERO markup.
- A low, transparent fee is charged per transaction, ensuring cost savings and clarity.
This model has already enabled 20,000+ businesses and freelancers in India to receive payments locally while working with global clients.
Safety, Transparency & Trust
Skydo ensures that every transaction is:
- Secure: Built on advanced banking partnerships and RBI compliance.
- Transparent: No hidden charges, no markup on FX rates.
- Efficient: Payments processed quickly, reducing delays and costs.
By combining technology, compliance, and customer-centric design, Skydo guarantees a stress-free global payments experience.
Impact & Vision
- For Businesses: Reduced forex costs, faster payments, and simplified compliance.
- For Freelancers: Easy access to international earnings without complex paperwork.
- For India’s Economy: Empowering SMEs and startups to thrive in global markets.
- Future Goals: Expand Skydo’s reach across industries, making global transactions as seamless as local ones.
Closing Thought
Skydo is more than a fintech startup — it’s a revolution in global payments. By blending technology with financial expertise, founders Movin Jain and Srivatsan Sridhar are building a future where international transactions are simple, transparent, and affordable.
