In an attempt to reshape international business payments, UK-headquartered fintech Sokin has raised $50 million in Series B funding. The round was led by Prysm Capital, with participation from Watershed Ventures and continued support from Morgan Stanley Expansion Capital, Aurum Partners, and former PayPal executives Gary Marino and Mark Britto.
The new investment lifts Sokin’s valuation to $300 million following a 100% year-on-year revenue growth and an 8x surge since 2022. Earlier this year, the company also secured $15 million in debt funding.
Expansion priorities powered by new capital
The fresh investment will fuel Sokin’s next phase of global growth. The company plans to deepen its presence across Asia, the Middle East and South America by securing additional regional licenses and expanding its network of banking partnerships.
Product development is also a core focus. Sokin will strengthen its embedded finance offering, which allows other organisations to integrate its payments infrastructure into their own services. It also aims to advance its cross-border accounts payable and receivable capabilities to increase efficiency for fast-scaling businesses.
Building the backbone of borderless business payments
Sokin’s rise is powered by a platform designed to simplify global money movement for businesses of all sizes. By combining accounts payable, receivable, and treasury operations into one system, the company eliminates reliance on fragmented service providers and manual workflows.
The platform supports transfers and exchanges in over 70 currencies, allows holding balances in 26 currencies, and offers multi-currency IBANs and local currency accounts. With coverage across more than 170 countries, Sokin helps global enterprises and merchants manage funds with speed and precision.
A mission built on removing barriers
Founded in 2019 by Vroon Modgill, Sokin set out to eliminate borders and bottlenecks in international payments, an approach that has attracted customers across logistics, freight, sports and even Premier League football clubs. The platform offers them clarity, control and operational confidence when scaling worldwide.
Sokin now operates from offices in the United Kingdom, the United States, Canada, the United Arab Emirates, Singapore, Mexico, Norway, and India. Early supporters include former England and Manchester United defender Rio Ferdinand and May Capital.
With strong revenue momentum, global expansion plans and two successful funding rounds this year, Sokin is steadily strengthening its position as a frontrunner in modern cross-border business payments, turning a historically complex financial landscape into a seamless, global experience.
“Prysm’s investment validates what we’ve built and gives us the capital to scale rapidly,” said Vroon Modgill, CEO and founder of Sokin. “We’ve spent the past six years building a comprehensive financial infrastructure that makes global business faster and more efficient. For too long, payments, treasury management, and international accounts have been fragmented and outdated. We’ve built the platform that brings it all together, and this funding lets us accelerate that vision globally.”
“Sokin is at a transformative stage, having demonstrated impressive year-on-year business growth. The company is perfectly positioned to become the definitive leader in cross-border payments. Critically, Sokin has already built the infrastructure to capitalise on what we see as a huge addressable market,” said Muhammad Mian, co-founder and partner at Prysm Capital.
“Sokin has continued to demonstrate exceptional execution and impressive growth over and above our expectations. We have every confidence the company will continue on its trajectory and spearhead the transformation of business payments and fast and efficient global commerce,” said Lincoln Isetta, managing director at Morgan Stanley Expansion Capital.
