Xflow Raises $16.6M Series A for Cross-Border B2B Payments

Xflow, a cross-border payments platform, raised $16.6 million in a Series A funding round. General Catalyst led the round, with participation from PayPal Ventures and existing backers Lightspeed, Stripe, Moore Capital, and Square Peg. CMS IndusLaw served as legal adviser to Xflow on the deal.

The round brings together a mix of venture capital firms and corporate venture arms with deep payments expertise. PayPal Ventures' involvement underscores interest from established payment networks in cross-border infrastructure startups. No valuation or use-of-proceeds details were disclosed.