Sokin, a global business payments company, has secured financing from Oxford Finance with a $100m long-term debt facility.
The company has agreed a $100m long-term debt facility which will provide Sokin with additional capital to support its expansion plans.
Sokin positions itself as an end-to-end platform for global businesses, focused on streamlining payments and treasury workflows across borders. Its offering covers accounts payable, receivable and treasury operations, aiming to reduce complexity for firms managing multiple currencies and international counterparties.
The firm said the facility will be used to accelerate growth across North America, Asia, the Middle East and South America, while also funding the acquisition of additional regional licences, new banking partnerships and further scaling of its global infrastructure. Sokin also plans to invest in the development and launch of new products, including embedded payments capabilities.
“This capital positions us to own embedded payments as the infrastructure layer,” said 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 realize this vision.”
“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.”
“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,” said Tom Steer, CFO at Sokin. “We’re delighted to partner with the Oxford team and look forward to building a long-term strategic partnership.”
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