India holds the 14th position globally in terms of exports. Of this, the micro, small, and medium-sized enterprise (MSME) segment accounts for 43 percent. However, they are also finding it difficult to navigate through the challenges when it comes to managing cross-border payments. Bengaluru-based Skydo is addressing this problem for Indian SME exporters with instant and low-cost cross-border payments similar to the Unified Payment Interface (UPI). Skydo was co-founded by Srivatsan Sridhar, who said most payment providers such as PayPal charge as much as 10% for Indian exporters and freelancers to receive money from their clients overseas. Skydo is trying to solve this problem by offering a tech-based platform and charging a flat fee instead of forex charges. Skydo is a web-based application where an exporter needs to sign up and link their Indian bank account with Skydo. In the next nine months, Skydo also plans to launch the same payment feature for importers.