Sokin has recently announced that it has received USD 50 million in Series B funding, which will be used to support its expansion efforts and enhance its product offerings.

This financing round was spearheaded by Prysm Capital, with additional backing from Watershed Ventures. Notably, Morgan Stanley Expansion Capital and Aurum Partners also participated, alongside former PayPal executives.

Sokin’s focus is on creating a robust financial infrastructure designed to simplify cross-border payments, treasury management, and global accounts for businesses. The company aims to unify fragmented and outdated payment systems into one efficient platform.

Facilitating global business through streamlined solutions

Sokin was created with the intention of providing end-to-end payment services directly to corporate clients while also allowing other organizations to integrate Sokin’s financial infrastructure into their offerings via Embedded Finance. The company caters to businesses across various sectors, including freight and logistics, football clubs, and more, aiming to empower them with the tools necessary for faster operations, smarter growth, and transparent global transactions.

Looking ahead, Sokin plans to further establish its presence globally by expanding infrastructure in key regions such as Asia, the Middle East, and South America. The company also intends to deepen its investment in platform development and embedded financial solutions, particularly in expanding accounts payable and receivable functionalities.

A significant focus will be on meeting customer needs while ensuring adherence to regulatory standards within the industry. As the market is forecasted to reach USD 56 trillion in transaction volume by 2030, Sokin remains committed to navigating this growth while maintaining compliance with relevant laws and regulations.