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Prysm Capital led a $50m Series B round in Sokin.

Synopsis

Prysm Capital, a growth private equity firm, led a $50m Series B round in Sokin, a British fintech company, with participation from Watershed Ventures, Morgan Stanley Expansion Capital, Aurum Partners, Gary Marino, former Chief Commercial Officer at PayPal and Mark Britto, former Chief Product Officer at PayPal. “Prysm's investment validates what we've built and gives us the capital to scale rapidly. We've spent the past six years building a comprehensive financial infrastructure that makes global business faster and more efficient. For too long, payments, treasury management, and international accounts have been fragmented and outdated. We've built the platform that brings it all together, and this funding lets us accelerate that vision globally,” Vroon Modgill, Sokin CEO and Founder.

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MergerLinks - Prysm Capital led a $50m Series B round in Sokin.