Sokin Secures $31M Investment from Morgan Stanley and More
Hey FinTech Fanatic!
I’m excited to share some great news about one of my portfolio companies, Sokin. Morgan Stanley has led a $31 million investment into this international payments FinTech. Notable investors include Aurum Partners and former PayPal CCO Gary M., who will join Sokin’s board.
Sokin’s founder and CEO, Vroon Modgill, highlighted their choice of Morgan Stanley to distinguish them from other FinTechs, ensuring customers know they are backed by a trusted tier one bank.
Founded in 2019, Sokin serves around 500 businesses, offering multi-currency accounts for international transfers and payments. With high-profile supporters like Rio Ferdinand, Sokin has been profitable for two years, reporting $4.5 million pre-tax profit last year and aiming for over $10 million this year.
A huge congrats to Vroon and the rest of the team!
On the topic of portfolio companies, I’ll be heading to Bogota soon to meet with Treinta and spend a week connecting with other promising companies like Payment Orchestration FinTech Yuno. If you know of any other exciting FinTech companies or industry leaders in the area, please let me know. Let’s catch up over coffee or a beer while I’m there!
Cheers,
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