Morgan Stanley Expansion Capital acquires stake in global payments fintech Sokin
Morgan Stanley Expansion Capital has acquired a stake in UK-based payments fintech Sokin, marking a significant milestone for the company. This strategic investment is expected to accelerate Sokin's product growth plans and global expansion. Additional investors include Gary Marino, former CCO at PayPal who will join the Board, Mark Britto, former CPO at PayPal, and Aurum Partners, the investment fund affiliated with the San Francisco 49ers owners.
Sokin, founded in 2019, enables global businesses to transfer, hold, and exchange over 100 currencies through a comprehensive platform. The company currently facilitates more than $2.5 billion in transactional volume annually, with rapid growth anticipated. This investment is expected to provide Sokin with significant capital and resources to further its innovative approach to international payments.
Morgan Stanley Expansion Capital ha acquisito una partecipazione nella fintech britannica dei pagamenti Sokin, rappresentando un traguardo significativo per l'azienda. Questo investimento strategico è destinato ad accelerare i piani di crescita dei prodotti e l'espansione globale di Sokin. Tra gli investitori aggiuntivi ci sono Gary Marino, ex CCO di PayPal che entrerà nel consiglio, Mark Britto, ex CPO di PayPal, e Aurum Partners, il fondo di investimento affiliato ai proprietari dei San Francisco 49ers.
Sokin, fondata nel 2019, consente alle imprese globali di trasferire, detenere e scambiare oltre 100 valute tramite una piattaforma completa. L'azienda gestisce attualmente oltre $2,5 miliardi di volume transazionale all'anno, con una crescita rapida prevista. Questo investimento dovrebbe fornire a Sokin un capitale significativo e risorse per promuovere il suo approccio innovativo ai pagamenti internazionali.
Morgan Stanley Expansion Capital ha adquirido una participación en la fintech de pagos del Reino Unido Sokin, lo que marca un hito significativo para la empresa. Se espera que esta inversión estratégica acelere los planes de crecimiento de productos y la expansión global de Sokin. Inversores adicionales incluyen a Gary Marino, ex CCO de PayPal, quien se unirá a la Junta, Mark Britto, ex CPO de PayPal, y Aurum Partners, el fondo de inversión afiliado a los propietarios de los San Francisco 49ers.
Sokin, fundada en 2019, permite a las empresas globales transferir, mantener e intercambiar más de 100 divisas a través de una plataforma integral. Actualmente, la empresa facilita más de $2.5 mil millones en volumen transaccional anualmente, con un crecimiento rápido anticipado. Se espera que esta inversión proporcione a Sokin un capital significativo y recursos para avanzar en su enfoque innovador hacia los pagos internacionales.
모건 스탠리 확장 자본이 영국 기반의 결제 핀테크 Sokin에 지분을 인수하여 회사에 중요한 이정표를 세웠습니다. 이 전략적 투자는 Sokin의 제품 성장 계획 및 글로벌 확장을 가속화할 것으로 기대됩니다. 추가 투자자로는 PayPal의 전 CCO인 Gary Marino, 이사회에 합류할 Mark Britto, PayPal의 전 CPO, 그리고 샌프란시스코 49ers 소유주와 관련된 투자 펀드 Aurum Partners가 있습니다.
2019년에 설립된 Sokin은 글로벌 비즈니스가 100개 이상의 통화를 통해 송금, 보유 및 환전할 수 있도록 종합 플랫폼을 제공합니다. 현재 이 회사는 연간 25억 달러 이상의 거래량을 처리하고 있으며, 빠른 성장이 예상됩니다. 이번 투자는 Sokin에 국제 결제에 대한 혁신적인 접근 방식을 발전시키기 위한 상당한 자본과 자원을 제공할 것으로 기대됩니다.
Morgan Stanley Expansion Capital a acquis une part dans la fintech britannique de paiements Sokin, marquant une étape importante pour l'entreprise. Cet investissement stratégique devrait accélérer les plans de croissance des produits et l'expansion mondiale de Sokin. D'autres investisseurs incluent Gary Marino, ancien CCO de PayPal qui rejoindra le Conseil, Mark Britto, ancien CPO de PayPal, et Aurum Partners, le fonds d'investissement affilié aux propriétaires des San Francisco 49ers.
Sokin, fondée en 2019, permet aux entreprises mondiales de transférer, détenir et échanger plus de 100 devises via une plateforme complète. L'entreprise facilite actuellement plus de 2,5 milliards de dollars de volume transactionnel par an, avec une croissance rapide attendue. Cet investissement est censé fournir à Sokin un capital et des ressources significatifs pour poursuivre son approche innovante des paiements internationaux.
Morgan Stanley Expansion Capital hat eine Beteiligung am britischen Zahlungsfintech Sokin erworben, was einen bedeutenden Meilenstein für das Unternehmen darstellt. Diese strategische Investition wird voraussichtlich die Produktwachstumspläne und die globale Expansion von Sokin beschleunigen. Weitere Investoren sind Gary Marino, ehemaliger CCO bei PayPal, der dem Vorstand beitreten wird, Mark Britto, ehemaliger CPO bei PayPal, und Aurum Partners, der Investmentfonds der Eigentümer der San Francisco 49ers.
Sokin, gegründet im Jahr 2019, ermöglicht es globalen Unternehmen, über 100 Währungen über eine umfassende Plattform zu transferieren, zu halten und umzutauschen. Das Unternehmen verarbeitet derzeit jährlich mehr als 2,5 Milliarden Dollar an Transaktionsvolumen und erwartet ein schnelles Wachstum. Diese Investition wird Sokin voraussichtlich erhebliches Kapital und Ressourcen zur Verfügung stellen, um ihren innovativen Ansatz für internationale Zahlungen weiterzuverfolgen.
- Morgan Stanley Expansion Capital's investment is expected to accelerate Sokin's product growth and global expansion
- Sokin facilitates over $2.5 billion in annual transactional volume, with rapid growth anticipated
- High-profile investors including former PayPal executives and Aurum Partners joined the investment round
- Sokin's platform supports businesses across various verticals, including Premier League football clubs
- The company will continue to operate independently, with the current management team remaining in place
- None.
Insights
Sokin's acquisition of investment funds managed by Morgan Stanley Expansion Capital signals a significant milestone for the company. This strategic investment positions Sokin for accelerated growth and global expansion. The capital infusion will enable Sokin to enhance its product offering and broaden its market reach. Given Morgan Stanley's track record with high-performing companies, this partnership is likely to provide Sokin with important financial and strategic support. The involvement of prominent investors from PayPal and Aurum Partners further validates Sokin's business model and its potential for future success. Retail investors should view this as a positive development, reflecting Sokin's strong market position and growth prospects.
The entry of Morgan Stanley Expansion Capital into Sokin's investor lineup underscores the fintech's solid market standing and growth potential. The investment is set to fuel Sokin's expansion plans, potentially increasing its market share in the global payments space. Sokin's ability to handle over $2.5 billion in annual transactional volume indicates a robust operational framework. The fintech industry's competitive landscape means that this investment could accelerate product innovation and market penetration for Sokin. Retail investors should monitor how Sokin leverages this capital to introduce new products and expand geographically, as these factors will be critical for its long-term success.
Sokin's platform, which facilitates transactions in over 100 currencies, positions it well in the increasingly globalized financial ecosystem. The support from investors with deep expertise in payments technology, like Gary Marino and Mark Britto from PayPal, is a strategic advantage. Their experience will likely drive further enhancements in Sokin's technology stack, improving its operational efficiency and service offerings. This technological edge is important for maintaining a competitive position in the fintech industry. Retail investors should consider the long-term potential of Sokin's technology developments and strategic partnerships in driving its market leadership.
- Strategic investment is expected to accelerate Sokin’s product growth plans and further global expansion
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Additional investors include Gary Marino, former CCO at PayPal who will join the Board, Mark Britto, former CPO at PayPal, and Aurum Partners, the investment fund affiliated with the owners of the
San Francisco 49ers and other strategic LPs -
Existing investors include Rio Ferdinand, former
England and Manchester United defender
The transaction is constructed to provide investment to the company to support the speed and breadth of its growth. Sokin will continue operating as an independent unit and brand, and the current management team will remain to lead its expansion, with CEO Vroon Modgill maintaining a material shareholding.
Whilst Morgan Stanley Expansion Capital has led the transaction, it also includes investment from prominent US investors including Gary Marino, former Chief Commercial Officer at PayPal who will join the Board, Mark Britto, former Chief Product Officer at PayPal, and Aurum Partners, the investment fund affiliated with the owners of the
Sokin was founded in 2019 with a simple vision to remove the borders, barriers, and burdens associated with international payments. Today it enables global businesses to transfer, hold and exchange over 100 currencies with its multi-currency IBAN and local currency accounts – all through one comprehensive platform.
Sokin enables more than
Vroon Modgill, CEO & Founder of Sokin, said: “This investment represents an exciting new chapter for Sokin - one filled with immense opportunities for growth and innovation. By joining forces with the Morgan Stanley Expansion Capital team, we gain access to unparalleled resources and expertise which we believe will enable us to accelerate our growth trajectory and better serve our customers.”
Lincoln Isetta, Managing Director at Morgan Stanley Expansion Capital, said: “Sokin demonstrated outlier growth and capital efficiency that was powered by a great product and a high achieving team. We are pleased to partner with Vroon and the Sokin team to leverage our experience working with high-performing companies raising their first significant institutional capital. We believe Sokin has built a modern, comprehensive technology platform that is well suited to help enterprises simplify payments across geographies. Many of the world’s largest and most sophisticated companies and sports clubs already trust Sokin to execute strategic payments and we believe Sokin is at the forefront of technology leadership in those markets.”
Gary Marino, tech investor and former Chief Commercial Officer at PayPal, said: “Sokin has developed an impressive platform powered by tactical licensing and partnerships ripe for further product and market expansion. We’re excited about how Sokin’s products will shape a new future for global payments.”
Brano Perkovich, Founding Partner at Aurum Partners, said: "Sokin's innovative approach and talented team have laid a strong foundation for success. We're thrilled to join forces with Vroon and the Sokin team to revolutionize the global payments landscape."
Rio Ferdinand, said: “This is a huge moment for the team at Sokin and a testament to the product and business they’ve built up. I’m excited to see the business go from strength to strength.”
About Sokin
Sokin was founded in 2019 with a simple vision to remove borders, barriers, and burdens associated with international payments. Today it enables global businesses to transfer, hold and exchange over 100 currencies with its multi-currency IBAN and local currency accounts – all through one comprehensive platform. It supports businesses across a wide range of verticals, from freight and logistics through to Premier League football clubs, enabling them to manage global payments and financials with speed, efficiency, and transparency. Sokin’s dedication to improving financial efficiencies for global businesses has already led to more than
About Morgan Stanley Expansion Capital
Morgan Stanley Expansion Capital is the growth-focused private investment platform within Morgan Stanley Investment Management. Morgan Stanley Expansion Capital targets growth equity and credit investments within consumer, technology, healthcare, and other high-growth sectors. For over three decades, Morgan Stanley Expansion Capital has successfully pursued growth investment opportunities and has completed investments in over 200 companies, leveraging the global brand and network of Morgan Stanley.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.
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Source: Morgan Stanley Expansion Capital
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