After Raising Nearly €60M In 2025, London’s Sokin Secures An Additional €83M For Its Payments Platform

The funding will also support the acquisition of additional regional licences, new banking partnerships, global infrastructure scaling, and the development and launch of new products, including embedded payments capabilities.

“This capital positions us to own embedded payments as the infrastructure layer,” says Vroon Modgill, CEO and founder of Sokin. “Companies need payments integrated into workflows, not merely added on. They seek fewer vendors and fewer bottlenecks. The companies poised for growth are those that offer a full-stack payments and treasury operating system. This is what we’re building, and we’re grateful to have Oxford as a partner to help us realise this vision.”

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Founded in 2019 Sokin aims to remove the borders, barriers, and burdens of international payments. The platform enables businesses to send and exchange 70+ currencies and hold balances in 26 currencies through multi-currency IBANs and local accounts, streamlining cross-border AP, AR, and treasury operations.

Sokin provides end-to-end payment solutions directly to businesses and powers embedded finance for partners offering payment services to their own customers. Its clients span multiple sectors from freight and logistics to Premier League football clubs.

“This facility strengthens our balance sheet and lowers our borrowing costs, helping ensure we can continue to deliver high-quality, cost-effective solutions to our customers ” adds Tom Steer CFO at Sokin. “We’re delighted to partner with the Oxford team and look forward to building a long-term strategic partnership.”

“Oxford Finance provides structured growth capital to technology companies across growth stages, backing companies with strong market positions and clear paths to value creation,” said Austin Szafranski, Executive Director at Oxford Finance. “Sokin’s platform, leadership team, and international footprint gives us confidence in its ability to execute as demand for integrated payments solutions continues to expand. We’re excited to partner with the Sokin leadership team and support their continued global expansion.”

The deal comes amid a broader flight to quality in fintech. According to Crunchbase, the number of fintech deals fell 23% in 2025, as investors increasingly concentrated capital on companies with proven, scalable business models.