EximPe, a startup that helps with international payments, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator for cross-border trade (exports and imports).
EximPe says it is one of the first companies to receive this new RBI approval without already holding any other payment licenses.
With this licence, the company plans to offer secure and legal international payments for digital services, online shopping, and business-to-business (B2B) trade, mainly helping businesses in emerging Asian markets.
The PA-CB licence will help EximPe make international payments smoother and easier for businesses, while also helping them follow the rules more simply.
With this license, EximPe can now transition from being a technology platform to becoming a fully approved provider of cross-border payment infrastructure.
EximPe was started in 2021 by Arjun Zacharia. It is a one-stop platform that helps businesses with real-time exchange rate booking, legal compliance, and trade paperwork for global transactions.
The company, based in Mumbai, supports businesses that trade goods or offer services internationally. Earlier, it raised $3.5 million in a Series A funding round from Leo Capital and other investors.
“With this licence, EximPe is uniquely positioned to support businesses in expanding in the highest growth global corridor between India and Asia, while simplifying complex regulatory and financial requirements. With the PA-CB licence, we want to expand our business by 10X by the end of FY 2026,” said Arjun Zacharia, CEO and founder of EximPe.
EximPe says it has already handled over $450 million in transactions and is helping more than 5,000 small and medium businesses, manufacturers, and service providers.
With this new licence, the company plans to grow further and become a top provider of cross-border payment services.
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