Sokin raised $15M in debt funding led by funds and accounts managed by BlackRock to support its growth and product development.

Jan 30, 2025•7 months ago

Amount Raised

$15 Million

LondonPaymentsFintechFinancial Services

Investors

Rio FerdinandAurum PartnersMark BrittoGary MarinoBlack Rock

Description

Sokin has secured $15M in debt funding from funds managed by BlackRock, which will help further its rapid growth and expansion efforts. The company will utilize the funds to scale its team and develop new products while continuing to increase its market presence.

Company Information

Company

Sokin

Location

London, England, United Kingdom

About

Sokin is a UK-headquartered global payments Neobank founded in 2019 with a vision to remove the borders, barriers, and burdens associated with international payments. It enables global businesses to transfer, hold and exchange over 100 currencies with its multi-currency IBAN and local currency accounts through a comprehensive platform. Sokin supports businesses across various verticals, from freight and logistics to Premier League football clubs, providing speed, efficiency, and transparency in managing global payments and financials.

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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