Sokin Secures $100M Debt Facility to Revolutionize Embedded Payments and Fuel Global Expansion

LONDON, UK – January 28, 2026 – In a move that signals strong investor confidence amidst a cooling fintech market, global business payments company Sokin has secured a $100 million long-term debt facility from specialty lender Oxford Finance LLC. The substantial financing arrives at a time when venture capital is becoming more selective, underscoring the value of Sokin's proven profitability and aggressive growth trajectory.

The deal stands in stark contrast to broader industry trends. According to data from Crunchbase, the number of fintech deals plummeted by 23% in 2025 as investors shifted their focus from speculative growth to companies with established, sustainable business models. Sokin has emerged as a prime example of this 'flight to quality,' having achieved 100% year-on-year revenue growth while maintaining profitability—a rare feat in the high-growth technology sector. This performance earned the company a spot on The Sunday Times' list of fastest-growing technology companies.

This new capital injection follows closely on the heels of Sokin’s $50 million Series B funding round in December 2025, led by Prysm Capital, which valued the company at $300 million. The combined funding positions Sokin to aggressively pursue its strategic objectives on a global scale.

The Embedded Payments Revolution

At the heart of Sokin's strategy is a vision to fundamentally reshape how businesses interact with financial services. The funds are earmarked not just for expansion, but for a concerted push to dominate the burgeoning embedded payments market. This sector, which integrates financial services directly into non-financial business platforms and workflows, is projected to see explosive growth, with some analysts forecasting the B2B embedded finance market to quadruple from $4.1 trillion in 2026 to over $15.6 trillion by 2030.

"This capital positions us to own embedded payments as the infrastructure layer," said Vroon Modgill, CEO and founder of Sokin. "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."

Sokin's ambition is to create a comprehensive platform that streamlines every aspect of a global business's financial operations, from accounts payable and receivable to complex treasury management. By embedding these capabilities, the company aims to eliminate the friction and inefficiency associated with using multiple, disconnected financial vendors. This approach is gaining traction as businesses increasingly prioritize digital transformation and operational efficiency.

Fueling a Global Gambit

The $100 million facility will act as a powerful accelerant for Sokin's international expansion plans. The company has targeted significant growth across North America, Asia, the Middle East, and South America. A key part of this strategy involves fast-tracking the acquisition of regional licenses, a complex but necessary step to navigate the diverse regulatory landscapes of these markets.

Beyond licensing, the capital will be deployed to forge new banking partnerships and scale the company's global infrastructure. Sokin already boasts a formidable platform that enables businesses to send and exchange more than 70 currencies, hold balances in 26 currencies through multi-currency IBANs, and execute transactions across more than 170 countries. The new funding will enhance these capabilities, allowing the company to offer more localized and efficient payment solutions in new territories.

"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," noted Tom Steer, CFO at Sokin. This financial fortification is crucial for sustaining a competitive edge while undertaking such an ambitious global rollout.

A Calculated Bet in a Crowded Field

Sokin operates in the fiercely competitive cross-border B2B payments market, a sector valued in the tens of trillions of dollars. It vies for market share against established fintech players like Wise Business and Airwallex, as well as traditional banking institutions. While competitors have carved out strong niches, Sokin differentiates itself with its vision of a single, all-encompassing treasury operating system, appealing to businesses fatigued by vendor fragmentation.

The decision by Oxford Finance to provide such a significant debt facility is a powerful endorsement of Sokin's strategy and execution. Oxford, a lender with over two decades of experience and more than $14 billion in originated loans, specializes in providing structured growth capital to companies with strong market positions and clear paths to value creation.

"Oxford Finance provides structured growth capital to technology companies across growth stages, backing companies with strong market positions and clear paths to value creation,” said Austin Szafranski, Executive Director at Oxford Finance. "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.”

This partnership provides Sokin not only with capital but also with a strategic validation of its business model. As the company, founded in 2019, moves to scale its infrastructure and launch new embedded finance products, this financing provides the critical runway needed to capture a significant share of the next wave of financial technology innovation.