Xflow Raises $16.6M Series A at $85M valuation Led by General Catalyst; Secures Final PA-CB Authorisation for Exports and Imports
With over $32 million raised to date, Xflow is India’s best-capitalised cross-border payments platforms and the first fintech backed by both Stripe and PayPal Ventures
Bengaluru, February 24, 2026 - Xflow, India’s leading B2B cross-border payments platform, today announced that it has raised $16.6 million in Series A funding, led by General Catalyst, with participation from existing investors Square Peg, Stripe, Lightspeed, Moore Capital, and PayPal Ventures joining as a new investor.
With backing from both Stripe and PayPal Ventures, Xflow becomes the first Indian fintech to be supported by the world’s two largest payments infrastructure platforms.
In 2025, Xflow enabled Indian businesses to collect payments from 100+ countries across 25+ currencies, helping exporters move money faster, smarter, and with greater predictability. Xflow’s FX AI Analyst has empowered businesses to make data driven treasury management decisions and on average earn an extra 8-10 paise per dollar. Users consistently cite faster payouts, transparent pricing, and hands-on compliance support as key reasons for choosing Xflow.
The new capital comes on the back of Xflow’s breakout year - the company grew 10× in 2025, expanded its product footprint, and scaled its customer base to nearly 15,000 users across SaaS companies, GCCs, ITeS companies (IT Service Exporters), and goods exporters. Xflow also provides its international payments infrastructure to marquee fintechs like Drip Capital and Easebuzz.
Anand Balaji, Co-Founder, Xflow commented “This Series A is a vote of confidence in the Xflow team's abilities to innovate and deliver on behalf of our customers. With final PA-CB authorisation for both exports and imports, we are uniquely positioned to power cross-border commerce in and out of India at scale.”
Xflow has built a 60+ member team of seasoned payments experts across regulatory, risk, partnerships, and product - reflecting how modern global payments infrastructure is truly built.
“At General Catalyst, we believe the next wave of global fintech infrastructure will be built in India - and Xflow is one of the companies leading that charge. Their growth, product velocity, and deep focus on execution set them apart in a complex category. We’re excited to continue backing Anand, Ashwin, Abhijit and the Xflow team as they expand their vision into global payments at scale.” - Alex Tran, Managing Director, General Catalyst.
Xflow is now among a handful of companies that have received both PA-CB-Import and Export licence. While the PA-CB-Imports license opens up a new segment of overseas merchants and payment aggregators, the PA-CB-Exports license strengthens the existing product offering. The fund raise has been strategically timed to capitalise on the break-out year and scale into new geographies.