Sokin, a London-based company working to streamline international payments, pulled in $50 million in a Series B funding round led by Prysm Capital. The company’s financial infrastructure solution consolidates payments, treasury management and international accounts for businesses.
Sokin’s platform provides access to more than 70 currencies for transfers and exchanges and can hold balances in 26 currencies. This round coincides with significant recent growth for the company. Following its Series B, Sokin has achieved a $300 million valuation, building on 100 percent year-on-year revenue growth and eightfold revenue growth since 2022.
The new capital enables Sokin to fuel global expansion and enhance its product capabilities over the next 12 months. The company will build out its infrastructure across Asia, the Middle East and South America, and it will invest in its embedded accounts payable and receivable capabilities.
