“Can Sokin become the single embedded financial OS for globally-operating businesses — combining multi-currency accounts, FX, payment acceptance, and compliance infrastructure in one platform?”
Founded in 2019 as a subscription-based cross-border payments company, Sokin differentiated itself with flat-fee pricing designed to eliminate hidden FX charges. Over time the company evolved from a consumer/SMB-facing wallet into an embedded financial infrastructure platform ('Sokin Platform') targeting B2B clients and software platforms that want to embed multi-currency accounts, FX, and payouts. The 2026 Adyen partnership and $100M Oxford Finance debt facility signal a shift toward becoming a full-stack cross-border financial OS, adding payment acceptance on top of treasury and FX infrastructure.
Sokin discloses Transact Payments as its banking provider, according to the Embedded Finance Index 2026.
Sokin does not disclose a bank charter of its own; its banking services are provided through Transact Payments.
Sokin processes payments through Adyen and Sokin Checkout (self-operated).
Sokin's cards are issued through Transact Payments.
Sokin integrates with QuickBooks, Xero, NetSuite and Sage.
The Embedded Finance Index 2026 maps 4 layers in Sokin's stack: Payments / PSP (Adyen and Sokin Checkout (self-operated)); Banking / BaaS (Transact Payments); Card issuing (Transact Payments); Accounting (QuickBooks, Xero, NetSuite and Sage).
Sokin is founded in 2019 and headquartered in London, United Kingdom.
Sokin has raised $100M+ (debt facility) in total (latest round: Venture Debt, January 2026).
Get a read on where your own stack stands against Sokin and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.