Sokin Secures $50M to Expand Global Payment Platform
December 2, 2025, 9:31 am
UK fintech Sokin raised $50M in Series B funding. The company aims to boost global expansion and product development. Prysm Capital led the round. Sokin's valuation hits $300M. The firm plans to enhance its infrastructure and partnerships.
London-based fintech firm Sokin has secured $50 million in Series B funding. This investment will accelerate its expansion plans and boost its product capabilities. The company focuses on business payments, multi-currency accounts, and cross-border treasury infrastructure.
Prysm Capital led the funding round. Watershed Ventures also participated. Existing investors like Morgan Stanley Expansion Capital and Aurum Partners joined in. Former PayPal executives Gary Marino and Mark Britto also invested. Early backers include Rio Ferdinand and May Capital.
Sokin's platform streamlines cross-border accounts payable and receivable. It also helps with treasury operations for businesses. The fintech offers access to over 70 currencies for transfers and exchanges.
The company will build on its infrastructure in the coming year. It seeks regional licenses and banking partnerships. This expansion aims to extend Sokin's global reach.
Vroon Modgill, CEO of Sokin, emphasized the company's vision. He highlighted the need for a unified global payment platform. He said the funding will help accelerate this vision.
The European fintech scene shows continued investment in payments. Startups are securing funding for cross-border infrastructure. Navro raised €36 million for its payment platform. Fnality closed €115 million for wholesale settlement systems. Payrails secured €27.7 million for its payment software. Two raised €13 million to scale B2B payments. Devengo obtained €2 million for instant account-to-account payments.
These announcements show a Europe-wide focus on modernizing payment infrastructure. Sokin's funding places it among the larger mid-stage rounds this year. It positions the company as a key player in global payment capabilities.
Sokin acquired Settle Group in December 2024. It also secured a €14.4 million debt round with BlackRock in January 2025.
Muhammad Mian from Prysm Capital praised Sokin's growth. He sees the company becoming a leader in cross-border payments. He noted Sokin's existing infrastructure positions it for success.
Founded in 2019, Sokin aims to remove barriers in international payments. It enables businesses to send and exchange over 70 currencies. It allows them to hold balances in 26 currencies. Its platform supports various industries, from logistics to sports clubs.
Sokin's valuation has grown to $300 million. Revenues have reportedly increased 100% year-on-year. They are up eightfold since 2022.
Lincoln Isetta from Morgan Stanley Expansion Capital expressed confidence in Sokin's growth. He expects the company to transform business payments.
Over the next year, Sokin plans to expand its global infrastructure. It will seek regional licenses and banking partnerships. This expansion will focus on Asia, the Middle East, and South America. Sokin will also invest in its platform and embedded solutions. This includes expanding its accounts payable and receivable capabilities. Sokin is poised for significant growth.
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Sokin Fuels Global Expansion with $50M Investment
London-based fintech firm Sokin has secured $50 million in Series B funding. This investment will accelerate its expansion plans and boost its product capabilities. The company focuses on business payments, multi-currency accounts, and cross-border treasury infrastructure.
Prysm Capital led the funding round. Watershed Ventures also participated. Existing investors like Morgan Stanley Expansion Capital and Aurum Partners joined in. Former PayPal executives Gary Marino and Mark Britto also invested. Early backers include Rio Ferdinand and May Capital.
Sokin's platform streamlines cross-border accounts payable and receivable. It also helps with treasury operations for businesses. The fintech offers access to over 70 currencies for transfers and exchanges.
The company will build on its infrastructure in the coming year. It seeks regional licenses and banking partnerships. This expansion aims to extend Sokin's global reach.
Vroon Modgill, CEO of Sokin, emphasized the company's vision. He highlighted the need for a unified global payment platform. He said the funding will help accelerate this vision.
The European fintech scene shows continued investment in payments. Startups are securing funding for cross-border infrastructure. Navro raised €36 million for its payment platform. Fnality closed €115 million for wholesale settlement systems. Payrails secured €27.7 million for its payment software. Two raised €13 million to scale B2B payments. Devengo obtained €2 million for instant account-to-account payments.
These announcements show a Europe-wide focus on modernizing payment infrastructure. Sokin's funding places it among the larger mid-stage rounds this year. It positions the company as a key player in global payment capabilities.
Sokin acquired Settle Group in December 2024. It also secured a €14.4 million debt round with BlackRock in January 2025.
Muhammad Mian from Prysm Capital praised Sokin's growth. He sees the company becoming a leader in cross-border payments. He noted Sokin's existing infrastructure positions it for success.
Founded in 2019, Sokin aims to remove barriers in international payments. It enables businesses to send and exchange over 70 currencies. It allows them to hold balances in 26 currencies. Its platform supports various industries, from logistics to sports clubs.
Sokin's valuation has grown to $300 million. Revenues have reportedly increased 100% year-on-year. They are up eightfold since 2022.
Lincoln Isetta from Morgan Stanley Expansion Capital expressed confidence in Sokin's growth. He expects the company to transform business payments.
Over the next year, Sokin plans to expand its global infrastructure. It will seek regional licenses and banking partnerships. This expansion will focus on Asia, the Middle East, and South America. Sokin will also invest in its platform and embedded solutions. This includes expanding its accounts payable and receivable capabilities. Sokin is poised for significant growth.
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