London-based fintech Sokin has raised $50 million in a Series B round that sharply accelerates the company’s push to become a global infrastructure player for business payments and treasury operations.

The fresh capital comes alongside a marked jump in valuation to $300 million and a doubling of revenues over the past year, with turnover now eight times higher than in 2022.

The funding round was led by growth equity firm Prysm Capital, with participation from Watershed Ventures. Existing backers doubled down through funds managed by Morgan Stanley Expansion Capital and Aurum Partners, alongside individual investors Gary Marino, the former Chief Commercial Officer at PayPal, and Mark Britto, PayPal’s former Chief Product Officer. Early investors in Sokin also include former England and Manchester United defender Rio Ferdinand and May Capital.

Sokin: Building a global operating system for business payments

Sokin positions itself not as a consumer remittance app but as a business infrastructure provider. The company has built a platform that brings together cross-border accounts payable and receivable, as well as treasury operations, into a single interface for global enterprises.

Through Sokin’s system, clients can send and exchange funds in more than 70 currencies and hold balances in 26, using a mix of multi-currency IBANs and local currency accounts. Transaction capabilities span over 170 countries, aiming to replace the traditional web of correspondent banks, manual reconciliations and disparate systems that typically underpin international business payments.

Sokin delivers this both directly to business customers and indirectly via embedded finance, allowing other organisations to integrate its payment rails into their own products.  

The company currently supports a wide range of sectors, from freight and logistics to major sports organisations including Premier League football clubs, giving them tools to manage global cash flows with greater speed and visibility.

Why investors are piling in?

Prysm Capital’s backing comes at a moment when cross-border business payments are seen as one of the largest and most resilient segments in financial infrastructure.

The market for global business payments is projected to reach $56 trillion in transaction volume by 2030, underscoring the scale of the opportunity for platforms that can simplify and consolidate operations for multinational firms.

Sokin’s revenue has grown 100% year-on-year and increased eight-fold since 2022, with Ventureburn reporting that the company has maintained strong profitability through this phase of expansion. That combination of rapid growth and a focus on fundamentals has been central to investor conviction.

Prysm co-founder and partner Muhammad Mian described Sokin as being at a “transformative stage” and “perfectly positioned to become the definitive leader in cross-border payments,” pointing in particular to the infrastructure the company has already put in place to tap what it views as a “huge addressable market.”

Morgan Stanley Expansion Capital’s managing director Lincoln Isetta noted that Sokin’s execution and growth had exceeded expectations and expressed confidence that the company could “spearhead the transformation of business payments and fast and efficient global commerce.”

Six years of infrastructure building

Although the Series B round was announced in late 2025, Sokin’s push into business payments infrastructure has been underway for several years. The company was founded in 2019 with a stated mission of stripping away “borders, barriers and burdens” from international payments.

Chief executive and founder Vroon Modgill said the latest investment “validates what we’ve built and gives us the capital to scale rapidly.”

He highlighted that Sokin has spent the past six years assembling a comprehensive financial infrastructure designed to make global business “faster and more efficient,” in contrast to what he characterised as fragmented and outdated systems across payments, treasury and international accounts.

The company is headquartered in the United Kingdom and now operates offices in the United States, Canada, the United Arab Emirates, Singapore, Mexico, Norway and India – a footprint that mirrors its focus on serving global enterprises with complex cross-border needs.

Over the next 12 months, Sokin plans to use the Series B funds to deepen its infrastructure and regulatory foundation. The company intends to secure additional regional licences and banking partnerships, with expansion in Asia, the Middle East and South America flagged as key priorities.

Alongside this geographic build-out, Sokin will invest further in its platform and embedded solutions, with particular emphasis on strengthening its accounts payable and receivable capabilities.  

The aim is to give multinational businesses a more integrated command centre for global cash management, rather than a patchwork of local solutions and manual processes.

Ventureburn notes that Sokin’s tools already help clients reduce delays, increase transparency and remove barriers in international operations – benefits that become more pronounced as transaction volumes and jurisdictional complexity increase.

A crowded but growing arena

Sokin’s raise lands in an increasingly competitive space, as banks, card networks and specialist fintechs all vie to own different pieces of the cross-border value chain. What distinguishes Sokin’s strategy, based on publicly available information, is its dual focus: acting as a direct platform for businesses while also serving as an infrastructure layer that partners can embed into their own offerings.

With cross-border business payments forecast to climb into the tens of trillions of dollars by the end of the decade, the company’s backers are effectively betting that enterprises will gravitate towards unified, multi-currency platforms that simplify treasury and payments across markets.

For Sokin, the $50 million Series B is less an entry point and more a scaling phase: a chance to widen its regulatory footprint, deepen its technology stack and push further into regions where global trade and digital commerce are reshaping how money moves across borders.

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