Sokin secures 50M to scale global payment services
Sokin raises 50 million in Series B funding. The company builds global business payment systems. It focuses on cross-border transfers, treasury operations, and multi-currency accounts. The raise lifts Sokins valuation to 300 million. It follows a year of 100 revenue growth.
The round was led by Prysm Capital. Watershed Ventures also joined. Funds managed by Morgan Stanley Expansion Capital took part. Aurum Partners invested. Former PayPal leaders Gary Marino and Mark Britto joined too.
Sokin has grown quickly. Revenues are up eight-fold since 2022. Profitability has remained strong. Prysm invested because it sees Sokin as a future leader in global business payments. The market could reach 56 trillion by 2030.
