About Sokin
Sokin is a company based in London (United Kingdom) founded in 2019 by Vroon Modgill. It operates as a FinTech, and API-as-a-Product. Sokin has raised $81 million across 5 funding rounds from investors including Morgan Stanley, BlackRock and Gary Marino. The company has 11 employees as of December 31, 2021. Sokin has completed 1 acquisition, including Settle Group. Sokin offers products and services including Global Payments & Accounts, Ecommerce Gateway, Balance Boosts, and API Integration. Sokin operates in a competitive market with competitors including Wise, Payoneer, Ebury, Airwallex and Tipalti, among others.
- Headquarter London, United Kingdom
- Employees 11 as on 31 Dec, 2021
- Founders Vroon Modgill
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Plata Capital Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$81 M (USD)
in 5 rounds
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Latest Funding Round
$100 M (USD), Debt – Venture
Jan 28, 2026
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Investors
Morgan Stanley
& 9 more
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Employee Count
11
as on Dec 31, 2021
- Investments & Acquisitions
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Products & Services of Sokin
Sokin offers a comprehensive portfolio of products and services, including Global Payments & Accounts, Ecommerce Gateway, Balance Boosts, and API Integration. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Global payments are facilitated across 170+ countries efficiently.
Ecommerce payments are supported for domestic and international customers.
Interest is earned on USD, EUR, GBP balances effectively.
APIs are provided for embedding into business systems seamlessly.
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Funding Insights of Sokin
Sokin has successfully raised a total of $81M across 5 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $100 million completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Venture — $100.0M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Debt – Venture - Sokin | Valuation |
investors |
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| Dec, 2025 | Amount | Series B - Sokin | Valuation | Prysm Capital , Watershed | |
| Jan, 2025 | Amount | Debt – Conventional - Sokin | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sokin
Sokin has secured backing from 10 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Morgan Stanley, BlackRock and Gary Marino. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Prysm Capital is engaged in providing growth capital to disruptive companies.
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Founded Year | Domain | Location | |
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Venture capital is offered to early and growth-stage companies.
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Founded Year | Domain | Location | |
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Investments are made by Aurum Partners in early-stage tech startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sokin
Sokin has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Settle Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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An app-based wallet is offered for consumer payments and transfers.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sokin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sokin Comparisons
Competitors of Sokin
Sokin operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wise, Payoneer, Ebury, Airwallex and Tipalti, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals and businesses via apps.
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| domain | founded_year | HQ Location |
Cross-border payments are enabled for businesses via diverse payout methods.
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| domain | founded_year | HQ Location |
Forex risk management and payment solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cross-border payments are processed for businesses via tools and APIs.
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| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Flywire is recognized as a global payments and software expert.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sokin
Frequently Asked Questions about Sokin
When was Sokin founded?
Sokin was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Sokin located?
Sokin is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Sokin?
Vroon Modgill is the current CEO of Sokin. They have also founded this company.
Is Sokin a funded company?
Sokin is a funded company, having raised a total of $81M across 5 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $15M, raised on Feb 25, 2021.
How many employees does Sokin have?
As of Dec 31, 2021, the latest employee count at Sokin is 11.
What does Sokin do?
Sokin is focused on delivering unified global business banking services. Operations are centered around facilitating cross-border payments, receivable accounts, and treasury management. Solutions are offered for businesses to manage international transactions across 170 countries in over 70 currencies. The platform is designed to remove borders and barriers, supporting ecommerce payment gateways, API integrations, and multi-currency accounts. Sectors served include global commerce with an emphasis on efficiency and scalability for business growth on the international stage.
What products or services does Sokin offer?
Sokin offers Global Payments & Accounts, Ecommerce Gateway, Balance Boosts, and API Integration.
How many acquisitions has Sokin made?
Sokin has made 1 acquisition, including Settle Group.
Who are Sokin's investors?
Sokin has 10 investors. Key investors include Morgan Stanley, BlackRock, Gary Marino, Rio Ferdinand, and Prysm Capital.