Sokin secures $50m Series B to scale payments platform

December 1, 2025

Sokin, a London-based global business payments provider known for its multi-currency capabilities and cross-border financial infrastructure, has secured $50m in Series B funding to accelerate its next phase of expansion.

The company said the new investment will be used to accelerate global market expansion, strengthen its financial infrastructure and enhance product capabilities as demand for scalable and efficient business payments grows.

The Series B round was led by Prysm Capital, with participation from Watershed Ventures and continued backing from funds managed by Morgan Stanley Expansion Capital, Aurum Partners and several strategic angels including Gary Marino and Mark Britto, both former PayPal executives.

The latest funding round increases Sokin’s valuation to $300m following a period of rapid growth, including 100% year-on-year revenue expansion and an 8x revenue increase since 2022. Early supporters of the firm include Rio Ferdinand and May Capital.

Founded in 2019, Sokin provides a comprehensive platform that streamlines cross-border accounts payable, receivable and treasury operations for businesses worldwide. Its technology enables clients to send and exchange more than 70 currencies, hold balances in 26 currencies through multi-currency IBAN and local currency accounts, and transact across more than 170 countries.

Sokin’s platform brings together previously fragmented financial services, offering global business payments, treasury tools, multi-currency accounts and international transfers in a single system.

Over the next 12 months, Sokin plans to build out its global infrastructure further, secure additional regional licences and deepen its banking partnerships. The firm will also enhance its embedded finance technology and expand its accounts payable and receivable capabilities to support rapid client growth across Asia, the Middle East and South America.

Sokin CEO and founder Vroon Modgill said, “Prysm’s investment validates what we’ve built and gives us the capital to scale rapidly. 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 For too long, payments, treasury management, and international accounts have been fragmented and outdated.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.”

Prysm Capital co-founder and partner Muhammad Mian said, “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 capitalize on what we see as a huge addressable market.”