Skydo Statistics By Revenue And Payment Services (2026) - Bayelsa Watch

Introduction

Skydo Statistics: The Skydo payment system has come up as a relatively new but rapidly growing international payment solution that seeks to assist freelancers, exporters, startups, and MSMEs of India in streamlining their international transactions by offering them clear pricing along with quick settlement options.

It is worth noting that the Skydo payment system has made rapid progress in the recent past by accepting payments from over 150 different countries and handling billions of dollars worth of transaction volume, indicating increasing demand for such a product in the fintech landscape of India.

In this article, we will discuss Skydo’s statistics and its growth in the payment technology sector.

Editor’s Choice

1. Skydo has successfully secured USD 20 million in funding from SIG Venture Capital and Elevation Capital.
2. Skydo statistics indicate that the marketing strategy employed by Skydo is multi-channel, with direct traffic accounting for the majority at 46.49% of total traffic.
3. Skydo statistics show that the platform currently collaborates with over 6,000 exporters from India, assisting them in transacting in 32 different currencies.
4. Skydo statistics reveal that the website traffic for Skydo is predominantly sourced from users in India, accounting for nearly 63.09% of the overall traffic.
5. According to statistics from Skydo, among its users, males represent 67.98% while females account for 32.02%.
6. Wise⁠ generated nearly USD 1.6 billion in revenue in FY2025, making it one of Skydo’s largest global competitors in cross-border SMB payments and FX services.

General Skydo Statistics

• Skydo, a Series A company located in Bengaluru, India, was established in 2022 by Srivatsan Sridhar and Movin Jain.
• It functions as a digital platform that facilitates payment processing for businesses from international clients.
• Skydo has successfully secured USD 20 million in funding from SIG Venture Capital and Elevation Capital.
• The company faces competition from 29 active rivals, which include 15 that have received funding and 1 that has exited the market.
• Direct traffic constitutes 46.49% of Skydo’s overall traffic, while organic search accounts for 34.78%.
• According to Skydo’s statistics, paid marketing represents 10.68%, whereas email marketing (0.04%), display advertising (0.18%), referrals (3.38%), and social media (4.45%) contribute a smaller portion to the overall marketing strategy.
• Among Skydo’s clientele, 67.98% are male, while 32.02% are female.

Founded Year	2022
Location	Bengaluru, India
Stage	Series A
Total Funding	$20M in 3 rounds
Latest Funding Round	Series A, Dec 10, 2025
Investors	Elevation Capital & 6 more
Ranked	1st among 29 active competitors
Annual Revenue	₹9.1Cr as on Mar 31, 2025
Employee Count	77 as on May 31, 2025
Similar Companies	Airwallex & 296 more

Skydo Marketing Channels Statistics

• Skydo statistics indicate that the marketing strategy employed by Skydo is multi-channel, with direct traffic accounting for the majority at 46.49% of total traffic.
• Following this, organic search ranks second at 34.78%, suggesting that the company has established a strong presence in search engine results and has effectively implemented SEO strategies.
• Paid marketing contributes 10.68%, demonstrating the company’s investment in advertisements aimed at attracting new customers.
• Referrals account for 3.38%, indicating that partnerships and word-of-mouth referrals play a small yet significant role.
• Social media represents 4.45%, suggesting that there is some level of engagement through platforms such as Twitter, LinkedIn, and/or Facebook. Display ads share a mere 0.18%.
• Email marketing is the least used channel at 0.04%, indicating that it is not primarily intended for customer acquisition.
• In summary, the data reflects a well-rounded marketing approach with a particular focus on direct and organic traffic.

(Source: electroiq.com)

• Skydo statistics indicate that the cross-border payments platform Skydo has successfully raised USD 5 million in a pre-Series A funding round, which was officially led by its current investor, Elevation Capital.
• This follows the USD 5.2 million seed round obtained in 2022, also spearheaded by Elevation Capital.
• Skydo’s Co-founder and CEO, Srivatsan Sridhar, states that these funds will be allocated towards licensing payments across various regions, facilitating international expansion, and enabling businesses to send and receive payments globally.
• This investment will also enhance compliance and improve risk monitoring on the platform.
• Skydo statistics show that the platform currently collaborates with over 6,000 exporters from India, assisting them in transacting in 32 different currencies.
• Since its inception, the platform has processed more than USD 100 million in payment transactions. Over the past year, Skydo has experienced a tenfold growth and aims to handle USD 750 million in transactions by 2025.
• The organization functions within the RBI OPGSP background, which acts as the prime payment system for more than 300,000 MSME exporters in India.

Skydo Website Traffic Statistics

• Skydo statistics reveal that the website traffic for Skydo is predominantly sourced from users in India, accounting for nearly 63.09% of the overall traffic.
• This represents a decline of approximately 25.34% in comparison to previous periods.
• The traffic contribution from the United States is 5.07%, indicating an additional decrease of 6.16%.
• In contrast, the United Kingdom has experienced a surge, contributing 26.10% to the total traffic, which amounts to 4.70%. A similar increase is observed in Australia, where the traffic share has risen to 3.89%, reflecting an increase of 2.46%.
• Canada follows with a traffic share of 3.29%, demonstrating a growth of 5.18%.

(Source: electroiq.com)

Skydo Demographics Statistics

• According to statistics from Skydo, among its users, males represent 67.98% while females account for 32.02%.
• From an age demographic standpoint, the largest segment of users is found within the 25-to-34 age bracket, which constitutes 33.53% of the total user base.
• Skydo’s statistics reveal that this group primarily consists of young professionals and entrepreneurs who are actively engaged during their peak working years.
• The 18-to-24 age category, which is the second largest, makes up 20.83% of users, indicating a robust interest from younger individuals, including potential freelancers and startup founders.
• Users aged 35-44, representing 15.59%, suggest that mid-career professionals and business owners are also participating actively.
• The 45-54 age group accounts for just over 13.54%, while the 55 to 64 category comprises approximately 10.44%.
• Finally, the 65-and-above demographic has the fewest users, making up 6.08% of the total.

(Reference: electroiq.com)

Skydo Competitor Statistics

• Wise⁠ generated nearly USD 1.6 billion in revenue in FY2025, making it one of Skydo’s largest global competitors in cross-border SMB payments and FX services.
• Payoneer⁠ reported USD 977 million revenue and USD 80.1 billion payment volume in 2024, competing directly with Skydo for freelancers and exporters.
• Airwallex⁠ crossed USD 100 billion annualized transaction volume in 2024 with an estimated USD 500 million revenue run rate, expanding aggressively in global business payments.
• Razorpay⁠ processed over USD 150 billion annualized TPV in 2024, strengthening its position in India’s business payments and international collections market.
• Revolut Business⁠ helped parent company Revolut surpass 50 million users globally in 2024, competing in multi-currency business banking and FX services.
• Tazapay⁠, Xflow⁠, and BRISKPE⁠ emerged as fast-growing Indian cross-border payment competitors to Skydo during 2025–2026.

Skydo Revenue Statistics

• According to Inc42’s financial database, Skydo⁠ generated revenues exceeding ₹2.3 crore during FY24, which was a crucial step in scaling up the startup’s revenues since its inception in 2022.
• Skydo’s FY24 revenue growth rate was close to 1,089% YOY, meaning that its FY23 revenue was comparatively low since the startup was in its early stages of commercializing its product and signing on new exporters and freelancers.
• This significant increase in Skydo’s FY24 revenues corresponds to the fast-growing payments landscape in India, wherein Skydo has positioned itself as a cost-effective solution for exporting, SMEs, and startups collecting international payments.
• By late 2025, the company stated that it had grown “four times in the past year,” suggesting that the strong FY24 momentum continued into FY25 as transaction volumes and customer adoption accelerated across more than 50 Indian cities.
• Revenue growth has been closely tied to Skydo’s platform expansion strategy, including multi-currency payment support, automated compliance tools, invoicing features, and faster settlement infrastructure, all of which helped increase customer retention and transaction throughput.
• The company’s improving revenue trajectory also strengthened investor confidence, culminating in a USD 10 million Series A round in December 2025.
• With management targeting USD 5 billion in annualized payment volume within two years, a scale ambition that directly depends on sustaining its recent revenue growth trend.

Skydo Recent Development Statistics

• On January 9, 2026, Skydo received final authorization from the Reserve Bank of India to operate as a Payment Aggregator–Cross Border entity, allowing the company to officially facilitate international payment collections for Indian exporters, freelancers, and MSMEs.
• On December 10, 2025, Skydo announced a USD 10 million Series A funding round led by Susquehanna Asia Venture Capital, with participation from Elevation Capital, to expand its global payment infrastructure, compliance capabilities, and international market presence.
• In September 2025, Skydo revealed that it had crossed more than 25,000 MSME customers and was processing annualized payment volumes nearing USD 500 million, while also strengthening partnerships such as Amazon Global Selling and investing in AI-driven compliance tools.

Conclusion

As global trade and freelancers-based exports increase, Skydo continues to make itself an important player in the cross-border payments market of India due to clear pricing, RBI- compliant operations, and international payments infrastructure. The fast-growing popularity of the service among exporters, freelancers, and MSMEs is a response to the need for more efficient international payments amid digitization.

The fintech company enjoys good funding, rising volumes of transactions, and approval by the Reserve Bank of India; these factors contribute to its credibility and prospects. Its emphasis on international payments and business-oriented financial services demonstrates how modern fintech platforms revolutionize cross-border trade in India.

FAQ