London based business payments company Sokin has secured an additional €83 million in long term debt financing as it accelerates global expansion and deepens its embedded payments capabilities. The facility was provided by Oxford Finance LLC and follows a strong year of capital raising and revenue growth for the British FinTech.
The funding will be used to expand Sokin’s footprint across North America, Asia, the Middle East and South America, while also supporting the acquisition of new regional licences, banking partnerships and global infrastructure. Product development, including new embedded payments offerings, will also be a key focus.
A strong funding position following a breakout year
The new €83 million facility builds on a significant funding period for Sokin. Across 2025 and early 2026, the company raised close to €60 million through a mix of equity and growth capital, including a €42.9 million Series B round in December 2025 led by Prysm Capital and a €14.4 million raise earlier in the year.
With the addition of the Oxford Finance facility, Sokin has now secured more than €140 million in disclosed funding, placing it among the better capitalised independent payments infrastructure providers in Europe.
According to the company, the debt facility strengthens its balance sheet while lowering borrowing costs, allowing Sokin to scale without excessive dilution at a time when investors are becoming increasingly selective.
Building embedded payments as core infrastructure
Sokin’s strategy centres on making payments an integrated part of business workflows rather than a separate add on. The company positions itself as a full stack payments and treasury operating system, enabling businesses to manage international payments, currency exchange and cash flow through a single platform.
Founder and CEO Vroon Modgill says the future of payments lies in embedded infrastructure that removes friction for businesses operating across borders. Rather than relying on multiple vendors, companies increasingly want payments built directly into their operational tools.
This approach has driven demand for Sokin’s platform, particularly among internationally active businesses seeking simpler ways to manage cross border accounts payable, receivable and treasury operations.
A platform designed for global business
Founded in 2019, Sokin was built to address the complexity and cost of international payments. Today, the platform allows businesses to send and exchange more than 70 currencies and hold balances in 26 currencies using multi currency IBANs and local currency accounts.
All services are delivered through a single platform that supports end to end payments and treasury management. In addition to serving businesses directly, Sokin also enables partners to offer its infrastructure to their own customers through embedded finance solutions.
The company supports clients across a wide range of sectors, from freight and logistics to professional services and even Premier League football clubs.
Expansion plans across key global regions
The new capital will support Sokin’s expansion into several high growth markets. North America and Asia remain strategic priorities due to demand for cross border payment solutions, while the Middle East and South America offer growing opportunities driven by trade, digitalisation and currency volatility.
Funding will also be directed towards securing additional licences and strengthening banking partnerships in local markets, ensuring regulatory compliance while improving payment speed and reliability.
Scaling global infrastructure remains a core objective as Sokin looks to support larger enterprise clients with complex international operations.
Context within Europe’s payments funding landscape
Sokin’s debt facility comes amid a broader shift in European FinTech funding. While overall deal volumes fell sharply in 2025, capital has increasingly flowed towards companies with proven business models, recurring revenue and clear paths to profitability.
In the B2B payments space, Germany based Mondu secured a €100 million debt facility from J.P. Morgan Payments to fund European expansion. At earlier stages, Amsterdam based Klearly raised €12 million to build in person payment infrastructure for hospitality operators, while Madrid based Devengo closed a €2 million pre Series A round focused on instant payment infrastructure aligned with new EU regulations.
Together, these deals reflect a bifurcated market. Large debt facilities are supporting established platforms, while smaller equity rounds back niche and regulatory driven innovation. In total, more than €110 million has flowed into European payments and payments adjacent infrastructure during 2025 and early 2026.
Profitability and a flight to quality
Sokin’s ability to secure significant debt financing is underpinned by strong operating performance. The company reported 100 percent year on year revenue growth while maintaining profitability, a combination that has become increasingly rare in the FinTech sector.
This performance aligns with a wider flight to quality among investors. According to Crunchbase data, the number of FinTech deals fell by more than 20 percent in 2025 as capital concentrated around companies with resilient economics and scalable infrastructure.
Oxford Finance cited Sokin’s platform, leadership team and international footprint as key reasons for backing the business at this stage.
Positioning for the next phase of growth
With fresh capital in place, Sokin is positioning itself for a new phase of global growth. The company aims to deepen its embedded payments capabilities, expand geographically and continue building infrastructure that supports complex international business operations.
As regulatory pressure increases and businesses seek simpler, more integrated financial tools, platforms that combine payments, treasury and global account management are expected to play an increasingly central role.
Sokin’s latest funding round suggests that investors see long term potential in this model, particularly as demand for cross border and embedded payments continues to expand worldwide.
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