Sokin Raises $50M To Expand Cross-Border Payments Platform

UK-headquartered Sokin says the new funding will accelerate its overseas expansion and support further product development.

The Series B round was led by US investment firm Prysm Capital, with participation from Watershed Ventures. Existing backers including funds managed by Morgan Stanley Expansion Capital and Aurum Partners also took part.

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Founded in 2019 and based in London, Sokin offers a B2B platform that streamlines cross-border accounts payable, receivable, and treasury operations for businesses.

The fintech supports transfers and exchanges in more than 70 currencies. Over the next year, Sokin plans to enhance its infrastructure, secure regional licenses, and expand banking partnerships as it extends its global reach.

Vroon Modgill, CEO and founder of Sokin, said: "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"For too long, payments, treasury management, and international accounts have been fragmented and outdated.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.”

About Sokin

Founded in 2019, Sokin provides unified global business banking designed to eliminate the barriers and friction of international payments. By combining financial and technical expertise Sokin builds products that streamline cross-border transactions, empower businesses to expand globally and shape the next generation of seamless worldwide payments and banking.