Company: Sokin
CEO and Founder: Vroon Modgill
Website: https://sokin.com
About Sokin
Sokin was founded in 2019 with a simple vision to remove borders, barriers and burdens associated with international payments. It was built to address long-standing inefficiencies in traditional banking systems, including delays, high costs and limited transparency. The result is a simpler, more connected platform that enables businesses to move money globally with greater speed, control and visibility.
Today, Sokin supports global businesses with the ability to send and exchange over 70 currencies, while holding balances in 26 currencies through multi-currency IBANs and local currency accounts. Its platform streamlines cross-border accounts payable, receivable and treasury operations in one place. The company employs more than 170 people across offices in the UK, US, Canada, UAE, Singapore, Mexico, Norway and India.
The past two years have marked a period of rapid growth and expansion. In December 2025, Sokin raised a $50 million Series B funding round led by Prysm Capital, with backing from Morgan Stanley Expansion Capital, Aurum Partners and experienced fintech investors including former senior leaders from PayPal. This was followed by a $100 million debt facility from Oxford Finance. The capital activity reflects strong performance, with revenue doubling year-on-year and growing 8x since 2022.
2025–2026
Highlights:
- Commercial partnerships with Manchester United, the British & Irish Lions, Nottingham Forest and ExCeL London
- Named to the Sunday Times 100 Tech list for two consecutive years
- Acquisition of Settle Group, extending capabilities across the Nordics
- Partnership with Adyen to unify ecommerce payments and treasury operations
- Launch of stablecoin payment capabilities following the acquisition of GenPaid
- Expansion of its Belgrade engineering hub, with planned investment of up to £21 million and growth to 200 engineers by 2030
At the Forefront of Agentic Deployment
In 2025 and 2026, Sokin has deployed AI agents operating at live commercial scale: Ava manages inbound prospect queries, Alice handles outreach to users who drop off the website, and a Solutions Consultant Agent supports partners integrating with Sokin’s API. The company has also built internal AI tools, including AI-assisted onboarding data analysis and a Sokin Pay savings comparator, building on its broader use of AI and machine learning to improve operational efficiency.
Sokin works with a diverse range of businesses including logistics providers, enterprise clients and global sports organisations such as Manchester United. It serves businesses operating internationally that require efficient, transparent and scalable financial infrastructure.
Its platform gives finance teams a unified view of payments and treasury, replacing fragmented banking relationships and complex FX processes. This improves visibility, reduces friction and enables leaders to focus on strategic growth.
Sokin’s evolution from a remittance-focused product into a treasury and payments platform reflects a wider shift in fintech. The market is increasingly rewarding companies that pair innovation with profitability, resilience and strong unit economics. In this environment, Sokin’s scalable infrastructure and operational discipline continue to drive momentum with customers and investors.
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