Stripe and PayPal Ventures Invest in Xflow to Improve Cross-Border B2B Payments

Stripe and PayPal Ventures have invested in Xflow, an Indian startup that aims to simplify cross-border business-to-business payments. The investment, which totals $16.6 million, gives Xflow a post-money valuation of $85 million.

Xflow's platform uses AI and machine learning to automate the process of cross-border payments, reducing the time and cost associated with these transactions. The company's goal is to make it easier for businesses to send and receive payments across borders, without the need for intermediaries.

Stripe and PayPal Ventures' investment in Xflow is a significant vote of confidence in the company's mission and technology. The two companies have a long history of investing in startups that aim to improve the efficiency and security of payments.

Xflow's platform is currently available in several countries, including the United States, India, and Singapore. The company plans to use the investment to expand its operations and improve its platform.

The investment in Xflow is a reminder of the growing importance of cross-border payments in the global economy. As more businesses operate across borders, the need for efficient and secure payment systems is becoming increasingly important.

Stripe and PayPal Ventures' investment in Xflow is a significant step towards making cross-border payments easier and more efficient. The company's platform has the potential to make a significant impact on the global economy, and its investment is a testament to the potential of Indian startups.

Sources

[1] Stripe, PayPal Ventures bet on India’s Xflow to fix cross-border B2B payments