Sokin

Sokin is a London-based global business payments platform providing companies with a unified infrastructure for cross-border transfers, currency exchange, and treasury management. Founded in 2019 by Vroon Modgill, the company has spent six years acquiring licences across the UK, Europe, the US, Canada, Australia, and India, and building the banking partnerships required to serve internationally active businesses at scale.

Cross-border business payments remain structurally fragmented. International transactions are still predominantly routed through correspondent banking networks, producing settlement times of one to five business days, compounding fees across intermediary layers, and providing limited visibility into payment status. For businesses operating across multiple markets, this creates significant operational drag and foreign exchange costs. The global B2B payments market is projected to process $56 trillion in transaction volume by 2030, yet legacy infrastructure still dominates.

Sokin's platform consolidates payables, receivables, and treasury into a single system, supporting transfers in more than 70 currencies, balance-holding in 26 currencies via multi-currency IBANs, and transaction capabilities spanning over 170 countries. Its solutions serve both direct enterprise accounts and embedded finance partners who extend payment infrastructure to their own customers. The company reported 100% year-on-year revenue growth in 2025 and an eightfold increase since 2022, reaching cash-flow-positive status and crossing $8 billion in annual payment processing.

In December 2025, Sokin raised £38 million in a Series B led by Prysm Capital, with Watershed Ventures, Morgan Stanley Expansion Capital, and Aurum Partners participating, pushing its valuation to $300 million. In January 2026, it followed with a £70 million long-term debt facility from Oxford Finance to fund regulated expansion across Asia, the Middle East, and South America — and to develop new embedded payments capabilities for partner platforms.