Latest news with #Xflow
Time of India
31-07-2025
- Business
- Time of India
After RBI nod, fintech Xflow plans global payments expansion
Live Events With India's cumulative exports (merchandise and services) expected to cross $820 billion in FY25, and an increasing number of Indian small and medium-sized businesses (SMBs) expanding into the global market, fintech platform Xflow is positioning itself as a one-stop solution for seamless and compliant international transactions . In an exclusive interview with ET Online, its Co-founder and CEO, Anand Balaji, elaborated on the company's growth strategy, the recent RBI approval, and the potential for simplifying cross-border payments to drive the next big wave in India's digital economy. Edited excerpts:: When we started Xflow, we saw how challenging it was for SMBs to receive international business payments. The existing systems were too expensive, with long processing times and overly complicated processes. Take something as basic as getting paid by a client overseas: for many, it meant dealing with opaque fees, juggling compliance requirements, and waiting many days for money to hit their accounts. It just didn't make look at it through the lens of a domestic e-commerce experience. Today, when we purchase an item online, we get multiple notifications confirming the purchase, delivery, and post-delivery status. This transparency and seamless experience are what make online purchases appealing to customers. It's this simplicity that is lacking in cross-border payments, and we want to bring this ease to cross-border Xflow, we partner with licenced banks to offer a seamless cross-border payment process governed by transparency, speed, affordability, and compliance. Users can collect payments in 1 business day at a 0% FX markup. We offer documents like eFIRA, which is required as proof of foreign transfer to India, within 24 hours for every withdrawal. This allows our customers to focus on their core work rather than administrative witnessing remarkable growth. More small businesses and independent professionals are stepping onto the global stage than ever before, driven by two factors—expanding opportunities worldwide and the strong capabilities we have in exports are expected to surpass $820 billion in FY 2024-25. A combination of better digital infrastructure, global demand for Indian talent in technology and creative services, and government initiatives like the Production Linked Incentive (PLI) scheme and digitisation have created a thriving ecosystem. India's cost advantage and high-quality output are also big payments remain a key hurdle. Many SMBs are ready to go global but are held back by cumbersome financial processes. That's the gap Xflow is addressing by enabling seamless and hassle-free payment collection, allowing for scalable growth without barriers.: Compliance can feel daunting for SMBs, as it involves weeks of back-and-forth with banks, unfamiliar paperwork, and uncertainty about timelines. Xflow automates much of this. We have helped over 3,000 customers in their day-to-day compliance issues. For example, we provide one-click eFIRA within 24 hours for every withdrawal. Users have the flexibility to withdraw funds at any time and in any amount they require. There is no limit on compliant transactions; we support payments above $10,000 per invoice. Our pricing is transparent, with FX rates linked to mid-market benchmarks and no hidden fees. Plus, our network spans over 140 countries, giving users broad RBI's in-principle nod enables Xflow to operate as an online payment aggregator for cross-border (PA-CB) transactions, covering both import and export flows. It strengthens Xflow's position as a full-stack cross-border payments platform, allowing us to offer compliant, faster, and cost-effective global payment solutions to businesses in the RBI's authorisation and the recent launch of our AI-powered FX analysis tool, we are doubling down on our mission to simplify cross-border money movements. The company aims to expand its user base from over 10,000 to 30,000 businesses by the end of 2025, positioning itself as the platform of choice for seamless and intelligent global payments are evolving fast, and India is at the centre of this shift. As more SMBs adopt digital-first operations and as global demand for Indian services grows, the need for fast, transparent, and compliant payment solutions will only intensify. We believe the next wave will be about intelligence and not just moving money but providing insights, forecasting FX trends, and helping businesses manage their finances strategically. Xflow's roadmap aligns with this future: combining seamless transactions with tools that empower SMBs to make smarter financial decisions as they scale globally.
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Business Standard
24-07-2025
- Business
- Business Standard
Xflow secures in-principle nod for cross-border payment aggregator licence
Cross-border payments fintech Xflow received in-principle approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator for cross-border (PA-CB) transactions. The in-principle authorisation covers both export and import flows. The company further plans to service 30,000 businesses by the end of this year. It currently serves over 10,000 businesses. 'The IPA (in-principle authorisation) will significantly strengthen our position in the market as a full-stack cross-border payments platform. With the ability to support both exports and imports workflows, we will be better equipped than ever to simplify global money movement for businesses,' said Anand Balaji, co-founder and chief executive officer (CEO) of Xflow. The company has raised $16.2 million in funding, according to data from market intelligence platform Tracxn. It was founded in 2021 by Anand Balaji, Ashwin Bhatnagar, and Abhijit Chandrasekaran. The Bengaluru-based company is backed by Lightspeed, General Catalyst, and Stripe. Currently, companies such as Skydo, BriskPe, PayPal, EximPe, and Wise have been granted in-principle approval by the banking regulator. Seven other companies have their PA-CB applications under review by the RBI. As of now, only six companies—Adyen India, Amazon Pay India, Cashfree Payments, BillDesk, Pay10, and Worldline ePayments India—have received full licences from the RBI to operate as PA-CBs. Xflow added that the in-principle authorisation follows the launch of its FX AI Analyst product, an AI-powered tool that helps businesses track USD/INR trends, make currency conversion decisions, and maximise earnings on every dollar.
Business Standard
19-06-2025
- Business
- Business Standard
Xflow announces plans to power Cross-Border Payments for over 30,000 Indian Exporters by year end
PNN Bengaluru (Karnataka) [India], June 19: Xflow, India's leading cross-border payments platform, today announced its bold vision to support over 30,000 Indian exporters by the end of 2025. The company is on a mission to simplify global money movement for IT service providers, funded startups, SaaS companies & fintech platforms by offering transparent, fast, and cost-effective alternatives to traditional banking systems. -Enabling Indian service exporters to go global with seamless, affordable, fast and transparent international payments -Xflow currently enables businesses to receive payments in 25+ currencies -With savings of up to 50% compared to conventional ways, Xflow has become the trusted partner for thousands of digital-first exporters Xflow currently enables businesses to receive payments in 25+ currencies, allowing Indian companies to collect globally like a local. With savings of up to 50% compared to conventional banking channels, Xflow has become the trusted partner for thousands of digital-first exporters. Anand Balaji, Co-Founder and CEO, Xflow shared, "We're now working towards enabling over 30,000 Indian exporters to manage their global receivables through Xflow by the end of the year. It's a big milestone, and it reflects the trust businesses have placed in us. Our focus remains on building intuitive, compliant, and truly simple cross-border financial infrastructure that helps Indian businesses thrive globally." Varghese Thomas, Co-Founder and Director, Demand NXTX customer of Xflow shared, "Xflow has ensured we don't leak money when moving our funds from US to India." As India's digital services sector continues to grow its global footprint, Xflow is strengthening its commitment to making cross-border payments simple, affordable, and scalable for businesses of all sizes. The team is focused on expanding platform capabilities, forming new partnerships, and ensuring that exporters from emerging startups to established enterprises have access to seamless and secure global payment solutions. Additionally, to streamline global payment workflows for fintech platforms, Xflow has also integrated with leading platforms such as Zoho Books, Drip Capital, Savedesk etc. These integrations allow users on these platforms to seamlessly manage invoicing, accounting, trade financing, and cross-border payments from a single interface. By embedding itself into tools exporters already use daily, Xflow eliminates the friction of fragmented systems - enabling faster reconciliation, greater transparency, and savings up to 30% for these users. About Xflow Xflow - a leading fintech offering cross-border payments for SMEs (ITES & Funded Startups). Designed to eliminate inefficiencies in international transactions, Xflow offers a seamless, transparent, and fully compliant payment experience for businesses of all sizes - from freelancers and startups to large-scale enterprises. The company is currently servicing over 10,000 businesses & has processed hundreds of millions. Founded by Anand Balaji, Ashwin Bhatnagar and Abhijit Chandrasekaran, Xflow simplifies global money movement with innovative solutions that ensure effortless international transactions, efficient currency conversion, instant settlements, and full regulatory compliance. Headquartered in Bangalore, India, Xflow is backed by Lightspeed, General Catalyst, and Stripe, providing a strong financial foundation for long-term innovation.
The Wire
19-06-2025
- Business
- The Wire
Xflow announces plans to power Cross-Border Payments for over 30,000 Indian Exporters by year end
Anand Balaji, Co-Founder and CEO, Xflow Bengaluru (Karnataka) [India], June 19: Xflow, India's leading cross-border payments platform, today announced its bold vision to support over 30,000 Indian exporters by the end of 2025. The company is on a mission to simplify global money movement for IT service providers, funded startups, SaaS companies & fintech platforms by offering transparent, fast, and cost-effective alternatives to traditional banking systems. • Enabling Indian service exporters to go global with seamless, affordable, fast and transparent international payments • Xflow currently enables businesses to receive payments in 25 currencies • With savings of up to 50% compared to conventional ways, Xflow has become the trusted partner for thousands of digital-first exporters Xflow currently enables businesses to receive payments in 25 currencies, allowing Indian companies to collect globally like a local. With savings of up to 50% compared to conventional banking channels, Xflow has become the trusted partner for thousands of digital-first exporters. Anand Balaji, Co-Founder and CEO, Xflow shared, 'We're now working towards enabling over 30,000 Indian exporters to manage their global receivables through Xflow by the end of the year. It's a big milestone, and it reflects the trust businesses have placed in us. Our focus remains on building intuitive, compliant, and truly simple cross-border financial infrastructure that helps Indian businesses thrive globally.' Varghese Thomas, Co-Founder and Director, Demand NXTX customer of Xflow shared, 'Xflow has ensured we don't leak money when moving our funds from US to India.' As India's digital services sector continues to grow its global footprint, Xflow is strengthening its commitment to making cross-border payments simple, affordable, and scalable for businesses of all sizes. The team is focused on expanding platform capabilities, forming new partnerships, and ensuring that exporters from emerging startups to established enterprises have access to seamless and secure global payment solutions. Additionally, to streamline global payment workflows for fintech platforms, Xflow has also integrated with leading platforms such as Zoho Books, Drip Capital, Savedesk etc. These integrations allow users on these platforms to seamlessly manage invoicing, accounting, trade financing, and cross-border payments from a single interface. By embedding itself into tools exporters already use daily, Xflow eliminates the friction of fragmented systems - enabling faster reconciliation, greater transparency, and savings up to 30% for these users. About Xflow Xflow - a leading fintech offering cross-border payments for SMEs (ITES & Funded Startups). Designed to eliminate inefficiencies in international transactions, Xflow offers a seamless, transparent, and fully compliant payment experience for businesses of all sizes - from freelancers and startups to large-scale enterprises. The company is currently servicing over 10,000 businesses & has processed hundreds of millions. Founded by Anand Balaji, Ashwin Bhatnagar and Abhijit Chandrasekaran, Xflow simplifies global money movement with innovative solutions that ensure effortless international transactions, efficient currency conversion, instant settlements, and full regulatory compliance. Headquartered in Bangalore, India, Xflow is backed by Lightspeed, General Catalyst, and Stripe, providing a strong financial foundation for long-term innovation. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). This is an auto-published feed from PTI with no editorial input from The Wire.
Business Standard
14-05-2025
- Business
- Business Standard
Xflow integrates with Drip Capital to Transform Cross-Border Payments for Over 9,000 SMEs
PNN Bengaluru (Karnataka) [India], May 14: Xflow, a leading cross-border payments platform, has partnered with Drip Capital, a fintech specializing in trade finance solutions, to optimize international transactions for businesses. This collaboration empowers Drip's users by offering them a seamless and cost-effective cross-border payments solution, significantly reducing transaction fees and improving operational efficiency. Drip Capital, which has facilitated trade finance solutions worth $8+ billion USD, has been instrumental in enabling businesses to access working capital with ease. By integrating with Xflow, Drip Capital is now providing its clients with a streamlined approach to international payments, eliminating inefficiencies tied to traditional banking systems and offering greater transparency in global transactions. "Partnering with Drip Capital has been a fantastic opportunity to extend our seamless cross-border payment solutions to global trade businesses," said Anand Balaji, Co-Founder & CEO of Xflow. "By integrating with Drip Capital, we're enabling exporters and businesses to save on transaction costs, streamline global payment processes, and strengthen their financial efficiency. At Xflow, our platform is designed for easy integrations, allowing us to collaborate with fintech leaders and ensure a frictionless experience for their users." Despite the increasing need for faster and more cost-effective cross-border payments, many companies still rely on outdated banking infrastructures that lack transparency and real-time processing capabilities. As a result, businesses face not only financial losses but also operational inefficiencies that hinder their ability to scale effectively in the international market. "Xflow's cutting-edge technology has been a game-changer for our clientele," said Pushkar Mukewar, Co-Founder & CEO of Drip Capital. "Before integrating Xflow's solutions, businesses struggled with slow international payments and high transaction costs. With Xflow, we've been able to offer an effortless, transparent, and cost-efficient payment experience. SMBs associated with us have saved up to 20% in transaction fees, significantly improving their bottom line." About Xflow Xflow - a leading fintech offering cross-border payments for SMEs (ITES & Funded Startups). Designed to eliminate inefficiencies in international transactions, Xflow offers a seamless, transparent, and fully compliant payment experience for businesses of all sizes - from freelancers and startups to large-scale enterprises. The company is currently servicing more than 7000 businesses & has processed hundreds of millions. Founded by Anand Balaji, Ashwin Bhatnagar and Abhijit Chandrasekaran, Xflow simplifies global money movement with innovative solutions that ensure effortless international transactions, efficient currency conversion, instant settlements, and full regulatory compliance. Headquartered in Bangalore, India, Xflow is backed by Lightspeed, General Catalyst, and Stripe, providing a strong financial foundation for long-term innovation. About Drip Capital Drip Capital is a leading fintech company specializing in trade finance solutions, helping SMEs unlock working capital for global trade. By leveraging data and technology, Drip Capital offers flexible and collateral-free financing options, ensuring importers and exporters have the liquidity needed to scale their businesses. Headquartered in Palo Alto, California, with offices in India and Mexico, Drip Capital has provided billions in trade finance solutions, empowering businesses to thrive in the competitive global market.
