Stripe, PayPal Ventures bet on India’s Xflow to fix cross-border B2B payments

Stripe, PayPal Ventures bet on India’s Xflow to fix cross-border B2B payments

Xflow, an Indian fintech startup, has secured backing from each Stripe and PayPal Ventures in a $16.6 million funding round. The funding comes as the company works to carve out a place in cross-border B2B payments, a market still dominated by banks and handbook processes.

The Series A round was led by General Catalyst, with participation from present buyers Square Peg, Stripe, Lightspeed, and Moore Capital, while PayPal Ventures joined as a new backer. The all-equity round values the Bengaluru-based startup at $85 million post-investment and brings its complete funding to more than $32 million to date.

Despite speedy digitization in home payments, cross-border B2B transfers for Indian exporters stay closely reliant on banks, often with restricted visibility into charges, settlement timelines, and the final quantity acquired in rupees. The friction is especially acute for bigger exporters shifting hundreds of thousands of {dollars} into India to fund salaries and local operations, creating a gap for fintech infrastructure gamers such as Xflow that promise larger transparency and speed in worldwide cash motion.

Founded in 2021, Xflow supplies cross-border cost infrastructure for companies starting from exporters and SaaS corporations to platforms and freelancers, enabling them to acquire worldwide payments, handle international alternate, and settle funds in India.

“Cross-border B2B payments were stuck in a different age compared to UPI,” co-founder Anand Balaji (pictured above, middle) said in an interview, referring to India’s widely used on the spot home payments network, the Unified Payments Interface.

Balaji, who beforehand helped build out Stripe’s India enterprise, based Xflow with former Stripe colleagues Ashwin Bhatnagar (pictured above, proper) and Abhijit Chandrasekaran (pictured above, left).

Last 12 months, Xflow said it enabled Indian companies to acquire payments from more than 100 nations in over 25 currencies. It processed shut to $1 billion in annualized cross-border cost quantity last 12 months, marking roughly 10-fold progress from the same interval in 2024, Balaji told TechCrunch.

The Gossip Blogger event

Boston, MA
|
June 9, 2026

According to the company, its buyer base has expanded to about 15,000 companies spanning SaaS corporations, global functionality facilities (that are offshore items that multinationals function in India), IT providers exporters, freelancers, and fintech platforms.

Transaction sizes fluctuate widely by phase, with global functionality facilities averaging about $1 million to $2 million per transaction, items exporters round $30,000 to $40,000, and freelancers roughly $3,000, according to Balaji.

Xflow is positioning itself as a payments infrastructure supplier relatively than a direct payments application, providing APIs that enable platforms and exporters to embed cross-border cash motion into their very own merchandise.

“We didn’t want to build the next Wise — we want to power the next thousand Wises,” Balaji said.

The startup has also launched an AI-based international alternate tool to assist finance groups optimize the timing of foreign money conversions. Xflow says the feature has generated incremental positive aspects for some clients via data-driven international alternate selections.

The tool permits companies to set goal conversion charges relatively than accepting prevailing financial institution quotes. Balaji likened the feature to restrict orders in buying and selling — directions to purchase or promote only at a specified value.

“What we’ve added is the prediction layer and the ability to actually set a limit order,” he said. The mannequin at present supplies a three-day forecast with about 92% confidence, Balaji said, though TechCrunch couldn’t independently confirm that determine.

Xflow faces competitors from banks that still dominate large cross-border B2B transfers, in addition to fintech gamers such as Wise, Payoneer, and Skydo at the decrease end of the market. But Balaji said the startup’s focus on high-value transactions and API-led infrastructure differentiates it from many rivals.

The startup plans to deploy the new capital towards constructing extra merchandise on top of its core payments infrastructure and securing regulatory licenses in new markets, Balaji said. Xflow is making ready to roll out import capabilities in the coming months and is pursuing licenses in markets including Singapore, while already holding a payments license in Canada, even because it stays centered on India as its main market.

Xflow said it has also acquired final authorization from the Reserve Bank of India for a Payment Aggregator–Cross Border (PA-CB) license masking each exports and imports. The startup has signed platform partnerships with Easebuzz and Drip Capital to embed its cross-border capabilities into their choices.

Backing from Stripe and PayPal Ventures, Balaji said, has helped strengthen the startup’s credibility with banking and regulatory companions, even because it continues to work with a number of cost suppliers commercially.

The startup at present has about 65 workers because it scales its cross-border infrastructure enterprise.

Stay informed with the latest headlines that matter. At TheGossipBlogger.com, we ship well timed and credible coverage on breaking news, global occasions, politics, society, and every part in between.

Whether it’s unfolding developments, coverage modifications, or highly effective human-interest tales, our newsroom curates impactful content to preserve you up to date in real time.

From local points to worldwide affairs, we break down advanced tales with readability, context, and a spotlight on what’s related to you.

Bookmark News and test in often — because staying informed is the first step towards staying ahead.