Sokin secures £72.6m debt to embed multi-currency payments into business workflows
This article covers Sokin, a fintech startup, raising £72.6m in a long-term debt facility to accelerate international expansion and build embedded payments capabilities. It is intended to fund pursuit of regional licences, banking partnerships and global infrastructure, and to develop embedded payments and treasury features for businesses and platforms.
Sokin has raised £72.6m in a growth funding round, structured as a long-term debt facility, to accelerate international expansion and build embedded payments capabilities. The capital will be used to pursue regional licences, banking partnerships and global infrastructure, and to develop new product features aimed at integrating payments into business workflows.
Why it matters
The deal lands at a moment of consolidation in fintech: deal activity fell last year as investors focused on companies with proven revenue models. Sokin says it is achieving 100% year-on-year revenue growth while remaining profitable — a performance that helps explain why lenders would extend a large, long-dated facility rather than equity.
The funding is also timed alongside the company’s recent equity round late last year, signalling continued access to external capital as Sokin scales internationally and pushes into embedded payments — a space where merchants and platforms increasingly prefer payments built into their product rather than tacked on.
Inside the product
Sokin has positioned itself as a cross-border business payments platform that combines accounts payable, accounts receivable and treasury functionality. The company provides access to more than 70 currencies for transfers and exchanges, allows businesses to hold balances in 26 currencies via multi-currency IBANs and local currency accounts, and supports transactions across more than 170 countries.
The stated goal is to move from a payments rails provider to an integrated payments and treasury operating system, with embedded payments features enabling partners to surface payments within their own workflows and reduce vendor fragmentation.
Who are the investors?
The £72.6m facility was provided by Oxford Finance, a US-based specialty lender that offers structured debt to technology companies. The line is a long-term debt facility rather than an equity cheque, meaning it strengthens Sokin’s balance sheet without diluting shareholders.
The debt follows an equity round in December 2025, in which Sokin raised roughly £36.3m in a Series B that valued the business at about £217.8m. That previous round was led by Prysm Capital.
In the announcement, Austin Szafranski, Executive Director at Oxford Finance, said:
Sokin’s platform, leadership team, and international footprint gives us confidence in its ability to execute as demand for integrated payments solutions continues to expand. We’re excited to partner with the Sokin leadership team and support their continued global expansion.
If you're researching potential backers in this space:
- Explore our list of fintech venture capital firms in the UK
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Founder perspective
In the announcement, Vroon Modgill, CEO and founder of Sokin, said:
This capital positions us to own embedded payments as the infrastructure layer.
In the announcement, Vroon Modgill, CEO and founder of Sokin, said:
Companies need payments integrated into workflows, not merely added on. They seek fewer vendors and fewer bottlenecks. The companies poised for growth are those that offer a full-stack payments and treasury operating system. This is what we're building, and we're grateful to have Oxford as a partner to help us realize this vision.
In the announcement, Tom Steer, CFO at Sokin, said:
This facility strengthens our balance sheet and lowers our borrowing costs, helping ensure we can continue to deliver high-quality, cost-effective solutions to our customers.
The bigger picture
The transaction illustrates two complementary trends in fintech: lenders are willing to provide non-dilutive capital to profitable, fast-growing payments businesses, and buyers of payments infrastructure increasingly demand embedded, full-stack solutions rather than multiple point products. For companies that can combine cross-border payments, treasury and embedded capabilities, that creates a clearer path to commercial traction.
For the UK fintech scene, the deal is another example of London-founded firms leveraging both debt and equity to fund international expansion. As European and global payments markets evolve, expect more startups to mix structured lending with equity rounds to fund licence acquisition, compliance and local banking relationships — the expensive but necessary elements of global payments infrastructure.
The deal also underlines continued appetite from international capital providers for UK-headquartered payments businesses that can demonstrate profitability and rapid revenue growth.
They've invested in Sokin
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| Investors | Investment Focus | Startup Investments | Round Size | Connect |
|---|---|---|---|---|
 Oxford Finance( ) | Generalist | |||
 Prysm Capital( ) Princeton, US  | SokinSorkin | |||
 Oxford Finance LLC( ) | Generalist | |||
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