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Sokin secures investment from Morgan Stanley Expansion Capital and tech investors

Jul 24, 2024over 1 year ago
LondonFinanceFintech

Investors

Aurum PartnersMark BrittoGary MarinoMorgan Stanley Expansion Capital

Description

UK's global payments neobank Sokin has secured investment from Morgan Stanley Expansion Capital and other tech investors to accelerate its growth trajectory and better serve its customers.

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