Skydo
Skydo is an innovative platform designed to simplify international payment processes for Indian enterprises and freelancers. It addresses the complexities of cross-border transactions by offering features that streamline payment receipt from international clients.
A key advantage of Skydo is its elimination of foreign exchange margins, replacing them with a transparent fee structure that ensures users understand their financial obligations without worrying about fluctuating rates. Users also receive immediate Foreign Inward Remittance Advice (FIRA) for timely payment notifications.
Skydo enhances transparency and efficiency with real-time payment tracking, allowing users to monitor transaction statuses and manage cash flow effectively. This visibility fosters trust with international clients and aids in better financial planning.
By tackling the challenges and costs of traditional international payment methods, Skydo enables users to focus on their core business functions, promoting growth, innovation, and customer satisfaction. In summary, Skydo is an essential resource for those engaged in cross-border trade, offering a user-friendly, efficient, and cost-effective solution.
- Year Founded: Skydo was established in 2020, making it a relatively new player in the financial technology sector. Despite its recent inception, it has quickly gained traction due to its innovative approach to international payments.
- CEO: Ankit Mehta is the CEO of Skydo. Under his leadership, the company has focused on simplifying and optimizing the process of receiving international payments for Indian businesses and freelancers. His vision and direction have been instrumental in the company’s growth and success.
- Headquarters: Skydo is headquartered in Bengaluru, a major tech hub in India. This strategic location allows the company to tap into a rich pool of tech talent and stay at the forefront of financial technology innovations.
Why choose Skydo?
- Zero Foreign Exchange Margin: Unlike traditional banking methods, Sky do ensures you receive the full value of your payments without any hidden fees or unfavorable exchange rates.
- Flat Fees: With a transparent and predictable pricing model, Skydo charges a flat fee for transactions, making it easier to manage your finances without worrying about variable costs.
- Instant Foreign Inward Remittance Advice (FIRA): Skydo provides instant FIRA, which speeds up the payment process and ensures compliance with regulatory requirements.
- Real-Time Payment Tracking: Skydo’s real-time tracking feature offers complete visibility over your transactions, helping you maintain healthy cash flow and better financial planning.
- User-Friendly Interface: The platform is designed to be accessible and easy to use, even for those who may not be tech-savvy. Robust customer support is also available to assist with any issues.
- Focus on Core Activities: By eliminating the complexities and high costs associated with traditional payment methods, Skydo allows you to focus more on your core business activities, leading to increased productivity and growth.
