Sokin, a London-based business payments platform, has raised $50 million in a Series B funding round led by US venture capital firm Prysm Capital.
The round introduced Watershed Ventures as a new shareholder, while existing investors, including Morgan Stanley Expansion Capital, Aurum Partners, and notable industry figures such as PayPal’s former COO, Gary Marino, and ex-chief product officer, Mark Britto, reaffirmed their support.
This latest investment brings Sokin’s valuation to over $300 million, with the company reporting a 100% year-on-year revenue growth. Earlier in 2025, the paytech secured $15 million in debt financing from funds and accounts managed by BlackRock, following Morgan Stanley’s entry into its cap table in 2024.
Founded in 2019 by CEO Vroon Modgill, Sokin specialises in simplifying cross-border financial operations for businesses. Processing over $8 billion in payments each year, Sokin’s platform offers access to more than 70 currencies for money transfers and exchanges, enables balances in 26 currencies via multi-currency IBAN and local accounts, and facilitates transactions in over 170 countries.
With its new capital in hand, Sokin says that it plans to “further build out its global infrastructure and secure additional regional licenses and banking partnerships”. The company is particularly focused on bolstering its presence in Asia, the Middle East, and South America over the next 12 months.
In addition, Sokin aims to expand its platform by advancing its embedded solutions and enhancing its capabilities for managing accounts payable and receivable.
Source: https://www.fintechfutures.com/
