Global business payments company Sokin has announced the successful acquisition of a $100 million (€83 million) long-term debt facility from Oxford Finance LLC. This significant capital injection is set to fuel the British firm's ambitious international expansion and accelerate the development of its innovative product suite. The deal highlights robust investor confidence in Sokin's profitable growth model, particularly as the broader FinTech sector navigates a more selective investment climate.
Fueling Strategic Global Expansion
The newly secured funds are earmarked for a multi-faceted growth strategy, focusing on accelerating Sokin's presence across North America, Asia, the Middle East, and South America. This capital will also fast-track the acquisition of essential regional licenses and support the scaling of its global infrastructure and banking partnerships. Such strategic allocation is designed to solidify Sokin's international footprint, enhancing its capacity to serve a growing global clientele.
Founded in 2019, Sokin has built a comprehensive platform that streamlines cross-border accounts payable, receivable, and treasury operations for businesses. The company enables clients to manage over 70 currencies for transfers and hold balances in 26 currencies through its multi-currency IBANs. This infrastructure supports transactions across more than 170 countries, serving a diverse range of verticals from logistics to Premier League football clubs.
Pioneering the Future of Embedded Finance
A key focus for the investment will be the advancement of Sokin's embedded payments capabilities, positioning the company as a foundational infrastructure layer. Vroon Modgill, CEO and founder of Sokin, emphasized that modern businesses demand payments be seamlessly integrated into their workflows rather than being a mere add-on. Sokin aims to become a full-stack payments and treasury operating system to meet this evolving market need.
Thriving in a Selective FinTech Market
This funding arrives amid a notable "flight to quality" in the FinTech industry, which saw a 23% decline in deal volume in 2025 as investors prioritized proven business models. In stark contrast to this trend, Sokin has achieved an impressive 100% year-on-year revenue growth while consistently maintaining profitability. This performance distinguishes the company from many competitors who are scaling back operations in the current economic environment.
The debt facility follows a successful $50 million Series B funding round in December 2025, which valued the company at $300 million. This consistent ability to attract substantial capital underscores strong market belief in Sokin's robust and sustainable model. The European payments landscape reflects a similar pattern, with investment capital increasingly concentrating on established B2B platforms with clear paths to profitability.
A Partnership Built on Confidence
Austin Szafranski, Executive Director at Oxford Finance, expressed confidence in Sokin’s platform, leadership, and established international footprint. He noted that Oxford specializes in backing technology companies with strong market positions and clear strategies for value creation. This partnership signifies a shared belief in Sokin's capacity to execute its ambitious global expansion plans effectively.
From Sokin's perspective, CFO Tom Steer highlighted that the facility significantly strengthens the company's balance sheet while lowering its borrowing costs. This financial fortification ensures Sokin can continue delivering high-quality, cost-effective solutions to its customers. The collaboration with Oxford is viewed as a long-term strategic alliance that will support the company's sustained growth trajectory.
In conclusion, the $100 million debt facility from Oxford Finance marks a pivotal moment for Sokin, providing the necessary capital to power its next phase of global growth and product innovation. By strategically focusing on embedded finance and maintaining a strong financial position, the company is exceptionally well-equipped to lead in the evolving B2B payments landscape. This funding solidifies Sokin's journey toward becoming an indispensable payments infrastructure provider for businesses worldwide.