Sokin, a London-headquartered business payments company, has secured a $100 million long-term debt facility from Oxford Finance, adding structured capital it says will accelerate its international expansion and product roadmap as demand grows for payments infrastructure integrated directly into enterprise workflows.
The facility is intended to support Sokin’s push across North America, Asia, the Middle East, and South America, while also fast-tracking additional regional licenses, banking partnerships, and investments in global infrastructure. The company said a portion of the funding will be allocated to developing and launching new offerings, including embedded payments capabilities that enable third parties to offer Sokin’s payment infrastructure to their customers.
The financing follows Sokin’s $50 million Series B round in December 2025, led by Prysm Capital, which the company said valued the business at $300 million. Sokin framed the debt raise as arriving at a pivotal moment, as it builds an embedded finance stack for companies looking to consolidate vendors and reduce complexity across payments and treasury operations.
Sokin also positioned the deal against a tightening fintech funding environment. The company cited a decline in fintech deal activity in 2025 as investors concentrated capital on higher-quality businesses, and reported 100% year-on-year revenue growth while maintaining profitability. It also cited recognition by The Sunday Times as one of the fastest-growing technology companies.
Sokin’s platform targets cross-border accounts payable, receivable, and treasury needs for global businesses. The company says it enables transfers and exchanges in more than 70 currencies, supports holding balances in 26 currencies through multi-currency IBAN and local currency accounts, and provides transaction capabilities across more than 170 countries. It serves a range of customer verticals, including freight and logistics and professional sports organizations.
Oxford Finance, which provides senior secured loans to public and private companies, said it was backing Sokin based on its platform, leadership, and international footprint, and described the facility as growth capital intended to support execution as demand for integrated payments solutions expands. Oxford says it has financed more than 700 companies over more than 20 years and has originated more than $14 billion in loans since 2002.
Sokin was founded in 2019 and is headquartered in the United Kingdom, with offices across Australia, the United States, Canada, the United Arab Emirates, Singapore, Mexico, Norway, and India.
KEY QUOTES
“This capital positions us to own embedded payments as the infrastructure layer. 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.”
Vroon Modgill, CEO and founder, Sokin
“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. We’re delighted to partner with the Oxford team and look forward to building a long-term strategic partnership.”
Tom Steer, CFO, Sokin
“Oxford Finance provides structured growth capital to technology companies across growth stages, backing companies with strong market positions and clear paths to value creation. 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.”
Austin Szafranski, Executive Director, Oxford Finance
