Stripe, PayPal Ventures bet on India's Xflow to fix cross-border B2B payments | TechCrunch

TechCrunch

by Jagmeet Singh

February 24, 2026

AI-Generated Deep Dive Summary

Fintech startup Xflow has secured $16.6 million in a Series A funding round led by General Catalyst, with significant investments from Stripe, PayPal Ventures, Square Peg, Lightspeed, and Moore Capital. This investment values the Bengaluru-based company at $85 million post-money and underscores its growing role in addressing inefficiencies in cross-border B2B payments. Xflow’s platform streamlines international money movement for businesses, offering transparency, speed, and ease of use—a critical solution in a market still dominated by outdated banking systems. Founded in 2021 by Anand Balaji, Ashwin Bhatnagar, and Abhijit Chandrasekaran, Xflow targets large-scale transactions, such as those involving Indian exporters and global capability centers. The startup processes nearly $1 billion annually in cross-border payments across over 25 currencies, reflecting its rapid growth and expansion into diverse industries. Unlike traditional payment platforms, Xflow focuses on embedding its APIs into other business tools, enabling seamless integration for clients like SaaS firms and freelancers. Xflow’s innovative approach includes an AI-driven foreign exchange tool that allows businesses to optimize currency conversions with predictive analytics. This feature helps companies make informed decisions about when to convert currencies, potentially saving money through smarter transactions. While competing against established players like Wise and banks, Xflow differentiates itself by targeting high-value transactions and leveraging API-based infrastructure. The startup’s success highlights the growing demand for modern, tech-driven solutions in cross-border payments. By addressing inefficiencies in a market that remains heavily reliant on manual processes and traditional banking systems, Xflow is poised to disrupt a sector worth billions. Its focus on innovation, scalability, and partnerships with major investors positions it as a key player in the fintech space, offering businesses a more efficient alternative to legacy

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Originally published on TechCrunch on 2/24/2026