a year ago

Morgan Stanley Leads $31 Million Investment in Payments Startup Sokin

  • Morgan Stanley has led a $31 million investment into London-based payments startup Sokin, which previously had backing from former Manchester United star Rio Ferdinand

  • Sokin offers payments in over 100 currencies and facilitates over $2.5 billion in transactional volume per year

  • The investment was made by Morgan Stanley Expansion Capital, an investment fund controlled by the US banking giant

  • Other participants in the investment round include former PayPal CCO Gary Marino, former PayPal CPO Mark Britto and Aurum Partners, an investment fund affiliated with the NFL team the San Francisco 49ers.

      • ProblemFinancial Services

      "Businesses struggle with complex and expensive international payments. "

      Solution

      "Sokin simplifies and streamlines international payments for businesses, offering a modern platform that handles payments in over 100 currencies."

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