← State of Embedded Finance 2026

Sokin

“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?”

Founded2019
HQLondon, United Kingdom
Total raised$100M+ (debt facility)
Latest roundVenture Debt, January 2026
IndustryFintech / Cross-border payments
The story

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.

Last 12 months
2026-01
2026-03
2026-04
Product timeline
2019
Sokin founded as a subscription-based global payments company offering fixed-price cross-border transactions.· pivot
2021
Partnered with Jumio for AI-powered identity verification to streamline cross-border onboarding.· banking
2024
Partnered with Transact Payments to expand card issuing capabilities across UK and Europe markets.· card
2026
Secured $100M venture debt facility from Oxford Finance to fund North American and global expansion.· banking
2026
Launched strategic global partnership with Adyen to add payment acceptance (checkout, 35+ methods, 170+ countries) to its existing multi-currency treasury platform.· banking
The stack
Payments / PSP
AdyenSokin Checkout (self-operated)
Banking / BaaS
Transact Payments
Card issuing
Transact Payments
Accounting
QuickBooksXeroNetSuiteSage
Accounting gap: none