Morgan Stanley Expansion Capital has acquired a stake in Sokin, a UK-based payments company, signaling a significant step for the fintech firm's growth and global expansion. This acquisition brings substantial capital and expertise, facilitating Sokin's accelerated product development and international reach.
- Morgan Stanley Expansion Capital's investment will provide Sokin with significant capital to support its rapid growth and global expansion while maintaining its independent operations and existing management team, including CEO Vroon Modgill.
- The transaction includes investments from notable US investors such as former PayPal executives Gary Marino and Mark Britto, along with Aurum Partners, associated with the owners of the San Francisco 49ers. Existing investors include former footballer Rio Ferdinand.
- Founded in 2019, Sokin aims to simplify international payments by offering a platform that allows businesses to transfer, hold, and exchange over 100 currencies. Currently, Sokin handles over $2.5 billion in transactional volume annually, serving diverse sectors from logistics to Premier League football clubs.
