← Latest venture news

Sokin secures £70m in debt funding from Oxford Finance for its global business payments infrastructure

🔎
Sokin
🧑
Vroon Modgill
💰
£70m
🌎
London, United Kingdom
Jan 28, 2026

Sokin, the global business payments company, has secured a £70 million long-term debt facility from Oxford Finance LLC, a specialty lender. The funding will accelerate Sokin's expansion across North America, Asia, the Middle East, and South America, and fast-track the acquisition of further regional licences, banking partnerships, and global infrastructure scaling. Investments will also support the development and launch of new products, including embedded payments capabilities.

The deal comes amid a contraction in fintech investment, with the number of fintech deals falling 23% in 2025 as investors concentrated capital on companies with proven business models, according to Crunchbase. Sokin maintained 100% year-on-year revenue growth while remaining profitable and was recognised by The Sunday Times as one of the fastest-growing technology companies.

The additional capital follows Sokin’s £38 million Series B in December 2025 led by Prysm Capital, which valued the business at $300 million. The facility comes as Sokin builds out its embedded finance capabilities to meet growing demand for end-to-end infrastructure capabilities.

This capital positions us to own embedded payments as the infrastructure layer. 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, and we're grateful to have Oxford as a partner to help us realise this vision.
Vroon Modgill, Founder & CEO
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.
Austin Szafranski, Executive Director at Oxford Finance
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. We're delighted to partner with the Oxford team and look forward to building a long-term strategic partnership.
Tom Steer, CFO
POWERED BY