Dear Valued Clients and Future Clients,
I am thrilled to share some exciting news that marks a significant milestone in Sokin’s journey. We are delighted to announce that Morgan Stanley Expansion Capital has acquired a significant stake in our company. This strategic investment, along with contributions from prominent US investors such as Gary Marino, former CCO at PayPal, Mark Britto, former CPO at PayPal and Aurum Partners, the investment fund affiliated with the owners of the San Francisco 49ers, will accelerate our product growth plans and fuel our expansion across the globe.
Since founding Sokin in 2019, our mission has been to remove the borders, barriers, and burdens associated with international payments. Our commitment to this vision has enabled us to support global businesses in transferring, holding, and exchanging over 100 currencies through our comprehensive platform. Today, we’re enabling businesses to thrive on a global stage, facilitating more than $2.5 billion in transactional volume per year, and supporting businesses across various sectors, from freight and logistics to Premier League football clubs.
The partnership with Morgan Stanley is not just an endorsement of what we have achieved but a powerful catalyst for what we will accomplish together. This investment brings unparalleled resources and expertise, enabling us to enhance our platform and services further. With the backing of such distinguished investors, we are more confident than ever in our ability to serve you better.
What does this mean for you, our valued clients and future clients?
- Enhanced product innovation: Our expanded resources will allow us to accelerate the development of new features and enhancements. Expect even more powerful tools to simplify and optimize your global payment processes.
- Broader reach and capabilities: With our plans for further expansion, we will be able to offer our services in more regions, providing you with greater access to seamless and efficient international payments.
- Further commitment to excellence: We remain steadfast in our dedication to delivering the highest quality of service. Our existing management team will continue to lead Sokin, ensuring that our values and commitment to you remain unchanged.
This is an exciting new chapter for Sokin, and we are incredibly grateful for your trust and partnership. Our focus has always been, and will continue to be, on providing you with the best possible solutions to manage your global payments with speed, efficiency, and transparency.
Thank you for being a part of our journey. We look forward to achieving even greater success together.
Warm regards,
