When was Sokin founded?

Sokin was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is Sokin located?

Sokin is headquartered in London, United Kingdom.

Who is the current CEO of Sokin?

Vroon Modgill of Sokin. They have also founded 1 company.

Which legal entities is Sokin associated with?

Sokin is associated with PLATA CAPITAL LIMITED.

How many employees does Sokin have?

As of Mar 31, 2026, the latest employee count at Sokin is 194.

Is Sokin a funded company?

Sokin is a funded company, having raised a total of $81M across 5 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Feb 25, 2021.

How much is Sokin worth?

The latest valuation of Sokin is $***** as of Dec 01, 2025.

When was the latest funding round of Sokin?

Sokin's latest funding was a $***** Conventional Debt round on Jan 28, 2026, with participation from 1 investor.

Where does Sokin rank among its competitors?

Sokin ranks 21st amongst 273 active competitors, of which 45 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Sokin, which secured $100M in Jan, 2026.

Who are the top competitors of Sokin?

Sokin's top competitors include Payoneer, Remitly and Wise. Among them, Sokin secured the most recent funding round in January, 2026.

Sokin - 2026 Company Profile, Team, Funding, Competitors & Financials

Sokin is a series B company based in London (United Kingdom), founded in 2019 by Vroon Modgill. It operates as an App-based payment cards for Forex. Sokin has raised $81M in funding from investors like Morgan Stanley, Prysm Capital and Watershed, with a current valuation of $*****. The company has 273 active competitors, including 45 funded and 21 that have exited. Its top competitors include companies like Payoneer, Remitly and Wise.

Company Details

App-based payment cards for Forex. It offers an NFC-enabled prepaid card that enables users to exchange multiple currencies and perform global payments. It features IBAN accounts, virtual wallets, and more. The application is available on Android and iOS platforms. The application is available on Android and iOS platforms.

Website: sokin.com
Social
Email ID: *****@sokin.net

Key Metrics

Founded Year

2019

Location

London, United Kingdom

Stage

Series B

Total Funding

$81M in 5 rounds

Latest Funding Round

Conventional Debt, Jan 28, 2026, $*****

Post Money Valuation

$***** as on Dec 01, 2025

Investors

Morgan Stanley & 11 more

Ranked

21^st among 273 active competitors

Employee Count

194 as on Mar 31, 2026

Investment & Acquisitions

Settle

Similar Companies

Wise & 582 more

View Sokin's full profile

Sokin is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PLATA CAPITAL LIMITED CIN: 10958599 , United Kingdom, Active	Sep 11, 2017	-	20 (As on Dec 31, 2024)

Sokin has raised a total funding of $81M over 5 rounds. Its first funding round was on Feb 25, 2021. Its latest funding round was a Conventional Debt round on Jan 28, 2026 for $*****. 1 investor participated in its latest round. Sokin has 8 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Sokin:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 28, 2026	1280834	Conventional Debt	6315885	7883085	5117876	7178171
Dec 01, 2025	6227803	Series B	4904686	7797387	3689884	Morgan Stanley & 5 more
Jan 30, 2025	1929922	Conventional Debt	9610775	2412607	3358620	BlackRock

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View details of Sokin's funding rounds and investors

The founders of Sokin is Vroon Modgill. Vroon Modgill is the CEO of Sokin.

Here are the details of Sokin's key team members:

Vroon Modgill: Founder and CEO of Sokin.

View details of Sokin's Founder profiles and Board Members

Sokin's employee count trend

Sokin has 194 employees as of Mar 26. Here is Sokin's employee count trend over the years:

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Top competitors of Sokin include Payoneer, Remitly and Wise. Here is the list of Top 10 competitors of Sokin, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Payoneer 2005, New York City (United States), Public	Provider of cross-border payment solutions for freelancers, businesses, and marketplaces	$269M	TCV, Wellington & 22 others	85/100
2nd	Remitly 2011, Seattle (United States), Public	Provider of international money transfer services with multiple delivery options	$436M	Generation Investment Management, PayU & 38 others	84/100
3rd	Wise 2011, Shoreditch (United Kingdom), Public	Provider of multi-currency accounts, international money transfers, and card services	$1.03B	Lone Pine Capital, Valar Ventures & 116 others	81/100
4th	Airwallex 2015, San Francisco (United States), Series G	Provider of multi-currency business accounts, global payments, and spend management	$1.58B	Lone Pine Capital, Tencent & 41 others	81/100
5th	Ebury 2009, London (United Kingdom), Acquired	Provider of global payment solutions, currency risk management, and business lending	$374M	Vitruvian Partners, 83NORTH & 17 others	79/100
6th	WorldRemit 2010, London (United Kingdom), Series D	Provider of international money transfer and mobile airtime top-up services	$365M	TCV, Accel & 47 others	78/100
7th	MoneyGram 1940, Dallas (United States), Acquired	Provider of global money transfer and payment services for individuals	-	Goldman Sachs, Stellar & 3 others	75/100
8th	TransferGo 2012, London (United Kingdom), Series C	Cross-border remittance solution for consumers and businesses	$110M	Practica Capital, VEF & 45 others	74/100
9th	Thunes 2016, Singapore (Singapore), Series D	Cross-border payment infrastructure provider	$362M	Vitruvian Partners, Marshall Wace & 19 others	73/100
10th	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, G Squared & 22 others	73/100
21st	Sokin 2019, London (United Kingdom), Series B	App-based payment cards for Forex	$81M	BlackRock, Oxford Finance & 10 others	57/100