Sokin Secures $100M Debt Facility for Global Expansion & Embedded Payments

Global business payments company Sokin has secured a $100 million long-term debt facility from Oxford Finance. This funding is intended to accelerate Sokin’s expansion into North America, Asia, the Middle East, and South America, as well as support the acquisition of regional licenses and the development of new banking partnerships.

Fintech Sector Shifts Focus

The financing arrives during a period of recalibration within the fintech industry. Crunchbase data indicates a 23% decrease in fintech deals during 2025, with investors prioritizing companies demonstrating established business models. Sokin, however, achieved 100% year-on-year revenue growth while remaining profitable, earning recognition from The Sunday Times as a rapidly growing technology company.

Building on Recent Investment

This $100 million facility follows a $50 million Series B funding round completed in December 2025, led by Prysm Capital, which valued Sokin at $300 million. The company is focusing on expanding its embedded finance capabilities to address increasing demand for comprehensive infrastructure solutions.

Did You Know? Sokin currently supports transactions in more than 170 countries.

According to Vroon Modgill, CEO and founder of Sokin, “This capital positions us to own embedded payments as the infrastructure layer.” The company provides access to over 70 currencies for transfers and exchanges, and allows users to hold balances in 26 currencies through multi-currency IBAN and local currency accounts.

Expert Insight: The focus on embedded payments suggests Sokin is aiming to integrate its services directly into other businesses’ platforms, potentially creating new revenue streams and increasing customer reach. This strategy could be particularly valuable in a more selective investment climate where demonstrable integration and value-add are highly prized.

A possible next step for Sokin could be the strategic acquisition of companies with complementary technologies or market access. Further expansion into new geographic regions is also likely, given the stated intention to utilize the funding for international growth. Analysts expect continued investment in product development, particularly within the embedded payments space.

Frequently Asked Questions

What is Sokin’s primary business?

Sokin is a global business payments company providing access to multiple currencies for transfers, exchanges, and account holdings.

How did the fintech investment landscape change in 2025?

The number of fintech deals decreased by 23% in 2025, as investors focused on companies with proven business models, according to Crunchbase.

What is the purpose of the $100 million debt facility?

The facility will accelerate Sokin’s expansion across multiple continents, support the acquisition of licenses, and fund the development of new products, including embedded payments capabilities.

How might a company like Sokin navigate the evolving landscape of global business payments and maintain its growth trajectory?