Sokin

Sokin, a profitable business payments company and official global business payment solutions partner for Manchester United, has secured a $100 million (£73 million) long-term debt facility from Oxford Finance. This funding aims to accelerate Sokin's global expansion, enhance its infrastructure, and facilitate the development of new products, including embedded payment capabilities.

Summary of transaction details:

• Value: £73 million
• Sector: FinTech, Business Payment Solutions
• Advisor: None mentioned
• Key Entities: Sokin (Target), Oxford Finance (Lead Investor)
• Location: Sokin is headquartered in the UK with a global footprint.

Note: The debt facility is a strategic move to strengthen Sokin's balance sheet, lower borrowing costs, and provide the necessary capital to drive its ambitious growth plans. The investment will specifically support expansion into key international markets and the development of innovative embedded payment solutions, addressing the industry's demand for integrated and streamlined payment workflows.