Sokin Secures £70m Debt Facility from Oxford Finance to Accelerate Global Payments Expansion
January 28, 2026
Sokin, the London-headquartered global business payments company, has secured a £70m long-term debt facility from Oxford Finance LLC, a US-based specialty lender focused on high-growth technology businesses. The facility — structured as venture debt rather than equity, meaning existing shareholders face no dilution — arrives just weeks after Sokin's £38m Series B led by Prysm Capital in December 2025, which valued the business at $300m. The combined capitalisation significantly strengthens Sokin's balance sheet as it targets regulated expansion across four new continents.
Cross-border business payments remain fragmented and expensive. Companies operating across multiple currencies must navigate a patchwork of local payment rails, correspondent banking relationships, and compliance regimes, often relying on multiple vendors and accepting high FX spreads and settlement delays. The market for integrated business payments infrastructure is large and growing, yet most incumbents offer only point solutions rather than unified platforms covering payables, receivables, treasury and embedded payments in one stack.
Sokin's platform addresses this directly, giving businesses access to more than 70 currencies for transfers and exchanges, the ability to hold balances in 26 currencies via multi-currency IBANs, and payments reach across more than 170 countries. The company processed over $8bn in payments annually at the time of the announcement and is regulated in the UK, Europe, the US, Canada, Australia and India, with licences pending in Singapore and Mexico. Revenue grew 100% year-on-year in 2025 and is up eightfold since 2022, while the business has maintained profitability — a combination that positions it well for debt financing structures that reward cash generation.
The Oxford Finance facility will fund the acquisition of additional regional licences and banking partnerships, scaling global payments infrastructure, and developing new embedded payments capabilities — enabling Sokin's partners to surface payments functionality directly within their own workflows. This embedded finance push represents the company's next strategic layer, moving from a payments rails provider toward a full-stack payments and treasury operating system.
The deal was structured as a syndicated secured venture debt facility, with Mishcon de Reya advising Sokin and Alston & Bird acting for Oxford Finance. The transaction underscores a broader trend in which profitable, revenue-compounding fintechs are increasingly able to access structured debt as an alternative to equity, preserving ownership while funding geographic and product expansion.
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