HomeUKSokin Receives $15M Debt Financing

Sokin Receives $15M Debt Financing

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Sokin

Sokin, a London, UK-based payments firm, received $15M in debt financing from funds and accounts managed by BlackRock.

The company intends to use the funds to further grow its market share, develop new products, enhance its proposition, and scale its team including new offices in London, New York, Toronto and Dubai.

Led by CEO and Founder Vroon Modgill, Sokin enables global businesses to transfer, hold and exchange over 100 currencies with its multi-currency IBAN and local currency accounts. It supports businesses across a wide range of verticals, from freight and logistics through to Premier League football clubs, enabling them to manage global payments and financials with speed, efficiency, and transparency. Its platform has already led to more than $4.5 Billion in transactional payment volume per year.

This latest funding followed a recent strategic investment worth $31m by Morgan Stanley Expansion Capital.

FinSMEs

30/01/2025

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