Cross‑border payments fintech Sokin has secured a EUR 46m (USD 50m) Series B round, locking in a EUR 300m valuation and sending a clear signal that institutional capital is doubling down on B2B payments infrastructure in Europe.
The round was led by Prysm Capital, with participation from Watershed Ventures and existing backers including Morgan Stanley Expansion Capital and Aurum Partners. The funding sits squarely in the European mid‑market range and gives Sokin fresh firepower to push into one of the continent’s most contested but under‑served segments: cross‑border business payments.
A bet on infrastructure, not just FX margins
Sokin is building what amounts to a cross‑border operating system for corporates. Its platform streamlines international accounts payable, receivable and treasury operations, providing access to over 70 currencies and payments in more than 170 countries. By plugging businesses into local payment rails with transparent pricing, Sokin targets the fees, delays and opaque FX spreads that still dominate traditional cross‑border banking.
This is where the investor signal matters. Prysm Capital and Morgan Stanley Expansion Capital are not backing another consumer remittance play; they are backing infrastructure that sits deeper in the B2B stack. The EUR 300m valuation reflects confidence that value will accrue to platforms that can consolidate fragmented rails and workflows rather than to narrow FX price‑takers.
For mid‑market corporates – especially exporters and digital businesses scaling across Europe – the pain point is less about sending a single cheap payment and more about managing multi‑currency cash flows, reconciliation and liquidity across jurisdictions. Sokin’s treasury‑focused positioning is squarely aimed at that gap.
With‑trend move in an accelerating B2B race
The deal aligns with a broader funding and strategic trend: investors are rotating from pure consumer fintech towards B2B and infrastructure plays where monetisation is clearer and churn is lower. Cross‑border B2B payments in Europe remain fragmented across banks, local schemes and legacy providers, leaving room for specialist platforms to win share on speed, transparency and integration.
Sokin’s focus on the underserved European B2B payments market makes the round a useful barometer. The presence and re‑upping of blue‑chip investors such as Morgan Stanley Expansion Capital indicates that institutional money sees the next leg of payments growth in embedded, API‑driven B2B services rather than standalone apps.
Risks are real: competition from global processors, bank‑owned networks and well‑funded fintech peers is intensifying, and regulatory expectations on AML, KYC and safeguarding continue to rise. But with fresh capital, Sokin has the balance sheet to invest in compliance and connectivity at the scale required to compete.
Funding linked directly to European expansion
Sokin is not just raising to extend runway; it is buying reach and capability. Alongside the funding, the company announced the acquisition of Norwegian fintech Settle Group AS, known for mobile and cross‑border payment solutions. Settle’s technology and local market presence give Sokin an immediate boost in the Nordics and additional capabilities it can fold into its multi‑currency and treasury platform.
The strategic logic is straightforward: combine Settle’s regional footprint and consumer‑grade UX with Sokin’s multi‑currency treasury infrastructure to accelerate European expansion. For mid‑market corporates, that should translate into broader local coverage, faster payments and tighter integration with domestic schemes.
Mid‑market relevance: from pain point to platform
For European mid‑sized businesses, cross‑border payments are still a patchwork of bank portals, manual reconciliations and unpredictable fees. Sokin’s model – fast, cost‑effective international payments with transparent pricing and access to local rails – speaks directly to this operational friction.
The EUR 46m injection gives Sokin scope to deepen product development around treasury, automation and integration with ERP and accounting systems – areas that determine whether a payments provider becomes a critical platform or just another vendor.
In a market where scale, regulatory robustness and network breadth are decisive, this round pushes Sokin into a more credible tier of competitors. It does not remove the execution risk inherent in going up against banks and global processors, but it confirms one thing: institutional capital is prepared to fund a new layer of cross‑border infrastructure for Europe’s mid‑market, and Sokin is now one of the better‑capitalised contenders in that race.