Sokin, a British business payments company, has secured a €83 million ($100 million) long-term debt facility from Oxford Finance LLC to accelerate their expansion across North America, Asia, the Middle East, and South America, and fast-track the acquisition of further regional licenses, banking partnerships, and global infrastructure scaling.
Additionally, investments will fund the development and launch of new products, including embedded payments capabilities.
“This capital positions us to own embedded payments as the infrastructure layer,” says Vroon Modgill, CEO and founder of Sokin. “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.”
Across 2025 and early 2026, EU-Startups coverage points to continued but more selective capital allocation into European payments and FinTech infrastructure, providing context for Sokin’s debt facility.
In the B2B payments space, Germany-based Mondu secured a €100 million debt facility from J.P. Morgan Payments to support its European expansion. At an earlier stage, Amsterdam-based Klearly raised €12 million in a Series A round to develop in-person payment infrastructure for restaurants and hospitality operators, while Madrid-based Devengo closed a €2 million pre-Series A to build account-to-account and instant payment infrastructure aligned with the EU’s Instant Payments Regulation.
Taken together, these rounds amount to approximately €114 million in disclosed funding flowing into the European payments and payments-adjacent infrastructure sector in 2025–2026.
The mix of large debt facilities alongside smaller equity rounds reflects a bifurcated market, where capital is concentrated in proven B2B payments platforms while more targeted investments continue to back niche and regulatory-driven payment technologies across Europe.
“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,” adds Tom Steer, CFO at Sokin. “We’re delighted to partner with the Oxford team and look forward to building a long-term strategic partnership.”
Sokin was founded in 2019 with a vision to remove borders, barriers and burdens associated with international payments. Today it enables global businesses to send and exchange more than 70 currencies and hold balances in 26 currencies with its multi-currency IBAN and local currency accounts — all through one platform that streamlines cross-border accounts payable, receivable and treasury operations.
The company offers end-to-end payment solutions directly to business clients and enables other organisations to offer Sokin’s payment infrastructure to their own customers through embedded finance solutions.
Sokin supports businesses across a wide range of verticals, from freight and logistics through to Premier League football clubs.
“Oxford Finance provides structured growth capital to technology companies across growth stages, backing companies with strong market positions and clear paths to value creation,” said Austin Szafranski, Executive Director at Oxford Finance. “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.”
Today’s deal comes amid a flight to quality in the sector. The number of FinTech deals fell 23% in 2025 as investors concentrated capital on companies with proven business models, according to Crunchbase.
Sokin achieved 100% YoY revenue growth while maintaining profitability.
The additional capital follows shortly on from Sokin’s €42.9 million Series B in December 2025 led by Prysm Capital, and their €14.4 million funding in January 2025.
Read the orginal article: https://www.eu-startups.com/2026/01/after-raising-nearly-e60-million-in-2025-londons-sokin-bags-additional-e83-million-for-its-payments-platform/
