New updates have been reported about Sokin.
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Sokin has appointed former FT Partners vice president Tom Steer as Chief Financial Officer to strengthen its finance function and lead capital strategy as the company accelerates global expansion. The London-based business payments provider recently secured a $50 million Series B round led by Prysm Capital at a $300 million valuation and a $100 million debt facility from Oxford Finance, giving it $150 million in new capital to support organic growth and opportunistic acquisitions.
Steer will join CEO Vroon Modgill’s executive team in London with a mandate to refine Sokin’s capital structure, oversee future M&A, and scale finance operations to match its rapid growth, including 100% year-over-year revenue expansion and an eightfold increase since 2022. Drawing on prior leadership roles at Zepz and WorldRemit, where he helped drive growth from $1 billion to $5 billion, Steer is expected to focus on deepening Sokin’s presence in key markets such as the U.S. while leveraging its global payments, multi-currency accounts, and treasury platform, which already serves businesses in more than 170 countries.