XFlow, a monetary companies and infrastructure firm that simplifies the cross-border funds for companies, has raised a US$10.2 million Pre-Collection A funding spherical led by Sq. Peg.
The spherical was additionally joined by Moore Strategic Ventures and current traders Lightspeed and Common Catalyst.
With the contemporary funds, XFlow might be rising its workforce throughout key engineering, gross sales, advertising and operational roles. It’s also trying to develop geographically past India.
Based in 2021 by Anand Balaji and Ashwin Bhatnagar, XFlow has a full-stack funds platform to simplify cross-border funds. XFlow’s purchasers embody firms similar to WeWork, Inkle and iCliniq.
Anand Balaji
“With this new spherical of funding, we intention to extend the variety of currencies we assist, develop protection of native cost strategies in varied nations and assist all types of companies in India.
XFlow additionally affords seamless API infrastructure for platforms to combine cross border funds inside their experiences. That is arguably the one product that makes it this simple to combine international funds,”
mentioned Anand Balaji, Co-Founder and CEO of XFlow.
