Sokin today announced it has secured $50 million in Series B funding to accelerate its global expansion and product capabilities. The round was led by Prysm Capital (“Prysm”) and joined by Watershed Ventures, with continued participation from investment funds managed by Morgan Stanley Expansion Capital, Aurum Partners, Gary Marino, former Chief Commercial Officer at PayPal and Mark Britto, former Chief Product Officer at PayPal.

Following Prysm’s investment, Sokin’s valuation has grown substantially from last year to $300 million, with the company’s revenues increasing 100% year-on-year and up 8x since 2022.

Prysm invested in Sokin because of its rapid and profitable growth, demonstrating its potential to become the leader in global business payments, a market projected to see $56 trilli

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