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Sokin has achieved a place in the inaugural edition of The Sunday Times 100 Tech, ranking Britain’s fastest-growing private technology companies, supported by Singer Capital Markets, HSBC Innovation Banking and BDO.
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The list includes software firms and those selling their own hardware or other technology, including life sciences, in two separate categories.
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Sokin has ranked 9th place with annual growth of 236% and latest sales of £9.4 million – an impressive achievement despite tough economic trading conditions.
- This award follows an exciting year for Sokin, in which we closed a $31m strategic investment deal from Morgan Stanley, a $15m debt funding from BlackRock funds and accounts, and grew global headcount over 130% across 6 countries.
Sokin has secured an impressive position in the inaugural edition of The Sunday Times 100 Tech list. Ranking 9th among Britain’s fastest-growing private technology companies, this recognition highlights the company’s exceptional growth and resilience despite challenging economic conditions.
The Sunday Times 100 Tech list, compiled with the support of Singer Capital Markets, HSBC Innovation Banking and BDO, celebrates companies that have shown outstanding performance in the tech industry over 3 years of growth. The list includes firms across various sectors, including software, hardware and life sciences separated into two categories.
Sokin’s inclusion is a testament to the company’s rapid development, with annual growth hitting an impressive 236% and recent sales reaching £9.4 million.
A Year of Milestones and Strategic Growth
2024 was a groundbreaking year for Sokin, with several key achievements:
- Morgan Stanley Strategic Investment: A $31 million investment from Morgan Stanley Expansion Capital provided the resources to continue global expansion into new markets and product offerings
- Debt Funding from BlackRock: Sokin also secured $15 million in debt funding from BlackRock funds and accounts, providing the flexibility to scale further and invest in new technologies and people.
- New Global Offices: In a significant move to enhance its presence, Sokin opened its first physical HQ in London last August.
- Global Headcount Growth: Sokin has seen a massive 130% increase in its total headcount, expanding across six countries. This reflects the increasing demand for global innovative payment solutions and allows for around-the-clock service for clients.
- Increase in New Accounts: 2024 saw a remarkable 51% rise in new account openings. This uptick in customer acquisition underlines the growing demand for the Sokin’s FX, ecommerce and integrated payment solution offerings for firms of all industries and sizes.
2025: What’s Next?
With an incredible year under its belt, the question remains: what’s next? The recognition from The Sunday Times 100 Tech is only the beginning, and the business is poised to continue expanding, attracting new investments and talent, and launching cutting-edge products and services in the payments space.
Stay tuned for more updates on Sokin’s journey, and watch this space as the company continues to push boundaries in fintech.
Read the full article from The Sunday Times: https://www.thetimes.com/sunday-times-100-tech