XFlow, a monetary services and infrastructure firm, stated it has raised a Pre-Series A spherical of $10.2 million. The spherical is led by Square Peg with participation from Moore Strategic Ventures and present buyers Lightspeed and General Catalyst, the corporate stated.
Previously, it had raised $6 million in a seed funding spherical led by Lightspeed, Stripe, and General Catalyst. The funds raised can be deployed in the direction of increasing the product capabilities to assist extra currencies and native cost strategies in addition to rising enterprise in India, it added.
“With this new round of funding, we aim to increase the number of currencies we support, expand coverage of local payment methods in various countries and support all kinds of businesses in India,” stated Anand Balaji, co-founder and CEO of XFlow.
