Sokin, a global business payments company, has secured a $100 million long-term debt facility from Oxford Finance LLC, a specialty lender. This funding is intended to accelerate Sokin’s expansion across North America, Asia, the Middle East, and South America, in addition to supporting the acquisition of new regional licenses, banking partnerships, and the scaling of global infrastructure. Investments will also fund the development and launch of new products, including embedded payments capabilities.
The deal occurs amidst a shift in the fintech sector where investors are increasingly focusing capital on companies with established business models. According to Crunchbase, the number of fintech deals decreased by 23% in 2025. Sokin reported 100% year-on-year revenue growth while maintaining profitability and was recognized by The Sunday Times as a fast-growing technology company. The new capital follows Sokin’s $50 million Series B funding round in December 2025, which was led by Prysm Capital and valued the company at $300 million. This timing is significant as Sokin develops its embedded finance capabilities to address the increasing demand for end-to-end infrastructure solutions.
Vroon Modgill, CEO and founder of Sokin, stated, “This capital positions us to own embedded payments as the infrastructure layer. Companies require payments integrated into their workflows, not merely as add-ons. They are seeking fewer vendors and fewer bottlenecks. The companies prepared for growth are those that provide a full-stack payments and treasury operating system. This is what we are developing, and we appreciate Oxford as a partner in achieving this vision.”
Austin Szafranski, Executive Director at Oxford Finance, commented, “Oxford Finance provides structured growth capital to technology companies across various growth stages, supporting firms with strong market positions and clear paths to value creation. Sokin’s platform, leadership team, and international footprint give us confidence in its ability to execute as demand for integrated payments solutions continues to expand. We are pleased to partner with the Sokin leadership team and support their continued global expansion.”
Tom Steer, CFO at Sokin, added, “This facility strengthens our balance sheet and reduces our borrowing costs, helping to ensure we can continue to deliver high-quality, cost-effective solutions to our customers. We are delighted to partner with the Oxford team and anticipate building a long-term strategic partnership.”
Sokin, founded in 2019, offers a comprehensive platform designed to streamline cross-border accounts payable, receivable, and treasury operations for global businesses. The platform provides access to more than 70 currencies for transfers and exchanges, with the capability to hold balances in 26 currencies through multi-currency IBAN and local currency accounts. It supports transaction capabilities across over 170 countries. The company also allows other organizations to integrate Sokin’s payment infrastructure into their services through embedded finance solutions. Sokin supports businesses across various sectors, including freight, logistics, and professional sports organizations. The company is headquartered in the United Kingdom, with offices in Australia, the United States, Canada, the United Arab Emirates, Singapore, Mexico, Norway, and India. Oxford Finance LLC, headquartered in Alexandria, Virginia, has originated over $14 billion in loans since 2002.
