General Catalyst leads $16.6m round in Indian fintech firm Xflow
- ByStartupStory | February 25, 2026
Indian fintech startup Xflow has raised US$16.6 million in a series A funding round led by General Catalyst, with participation from existing investors and new backer PayPal Ventures.
Based in Bengaluru, Xflow provides cross-border B2B payment infrastructure, enabling Indian exporters and businesses to send and receive international payments with greater transparency.
The funding aims to support product development and regulatory licensing efforts.
Since its founding in 2021, the company has processed nearly US$1 billion in annualized cross-border volume and serves around 15,000 clients, including SaaS firms, exporters, and freelancers.
Xflow offers APIs for integration into platforms, focusing on high-value transactions and foreign exchange management.
The company also launched an AI-driven foreign exchange tool to optimize currency conversions.
It plans to expand product offerings and obtain licenses in new markets, including Singapore, while maintaining a primary focus on India.
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