Legacy banking systems are holding Canadian businesses back

Discover strategies that save canadian businesses up to 60% in wire fees*

‍Find out how wires cost you more than they should High transaction fees stack up and are costing you more than you think, they are unnecessary and you can eliminate them.
‍Learn how forced conversions are hurting your margins Losses due to auto-converted funds typically go unnoticed, quietly reducing your margins. Learn how they work and what you can do.
‍Identify the invisible cost that isn't on your balance sheet While you typically think of costs as fees, in our report, we show how time and effort spent are costing you more.

Uncover hidden strategies

What you'll learn

A smarter way to set up your global payments

Take advantage of local accounts to avoid unnecessary international transfer fees.
Handle all your cross-border payments completely online, without the hassle of visiting branches
Eliminate restrictive transaction limits and make payments in one go.
Simplify reconciliation and reduce manual work with integrations to your accounting software, bulk payment, and embedded finance capabilities.

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Traditional banks

Might require an in-branch visits

‍

Inconvienent online transaction limits

‍

Limited multi-currency options

‍

Limited access to local routes

‍

High transfer fees

‍from 30 CAD

High FX fees

‍from 2 %

Fully online experience

‍

Full transaction value in one go

‍

Multi-currency accounts

Payouts via local routes

70+

Flat transfer fee

from 10 CAD

FX fee at wholesale rates

low as 0.5%

DON'T JUST TAKE OUR WORD FOR IT...

Trusted by global leaders

The British & Irish Lions

The British & Irish Lions are one of the world's most prestigious rugby touring teams, representing the combined strength of England, Ireland, Scotland, and Wales. For their recent tour to Australia, they needed efficient cross-border financial solutions to manage complex payments across multiple jurisdictions. Sokin provided global payment support to help streamline tour operations and international financial requirements.

"It is great to welcome Sokin to The Lions family as we get ready to head to Australia this summer. There is nothing in world sport quite like a British & Irish Lions Tour and the cross-border and global nature of a Tour means that partners like Sokin are a perfect match"

Tom Halsey, Chief Commercial Officer

The British & Irish Lions

Nottingham Forest FC

Nottingham Forest FC is a historic English football club competing in the Premier League with a global fan base. As a modern club, Forest requires seamless international financial operations for complex business transactions. Sokin's global payment solutions help the club manage international payments, including player transfers and other cross-border operations, while streamlining financial processes across multiple markets and currencies.

"Competing in the Premier League brings increased cross-border activity, making seamless and reliable financial solutions more important than ever. Partnering with Sokin allows us to streamline cross-border payments with a trusted and innovative provider. Their commitment to transparency and simplicity aligns with our values, making them an ideal partner for our global financial needs."

Paul Bell, Chief Business Officer

Nottingham Forest FC

Powering global payments for Manchester United

Manchester United operates on a truly global scale, managing complex international payments across multiple currencies. The club needed a comprehensive solution to handle accounts payable, accounts receivable, and foreign exchange exposure. Sokin's strategic FX management and streamlined multi-currency AP and AR workflows help Manchester United enhance financial control, simplify operations, and drive greater efficiency.

“Sokin’s global business payments infrastructure and forward-thinking approach align perfectly with our commitment to delivering best-in-class services and experiences to our fans and partners across the world."

Marc Armstrong, Chief Business Officer

Manchester United

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Canadian businesses lose billions every year to cross-border payment inefficiencies. See how these inefficiencies impact Canadian businesses in a $900B trade market.

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^{Disclaimer:
*Based on data from our latest report on the state of international business payments in Canada.}^{Download the full report}^{for detailed insights.}