Sokin, the global business payments provider, has appointed Tom Steer as Chief Financial Officer. Steer joins from FT Partners, where he was a vice president at the fintech focused investment bank. Based in London, Steer joins Sokin’s executive management team and reports to CEO Vroon Modgill.
The appointment comes during a concentrated period of capital activity. Sokin closed a $50 million Series B led by Prysm Capital in December 2025, valuing the business at $300 million, followed by a $100 million debt facility from Oxford Finance in January 2026. The combined $150 million positions Sokin to aggressively pursue their growth ambitions and remain opportunistic for potential acquisitions which could fast track their expansion.
Steer brings a wealth of fintech and payments experience. At FT Partners he advised on capital raises and mergers & acquisitions across the sector. Prior to that, Steer held finance leadership roles at the global digital remittance company, Zepz, where he helped scale the business from $1bn to $5bn through organic and inorganic initiatives.
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At Sokin, his focus will be on developing the company’s capital strategy, overseeing any future acquisitions, and driving the finance function to support the rapid pace of growth in the business.
“Tom has a proven track record in scaling high-growth fintech businesses as well as deep expertise in financial strategy. He brings the strategic insight as well as the M&A and capital raising background we need to accelerate our international expansion and optimise our capital structure,” said Vroon Modgill, founder and CEO of Sokin.
“I am excited to be joining Sokin at such a key point in the company’s evolution. The potential for the business is clear in what is a huge and underserved cross-border payments market. The capital raised gives us the firepower to continue our upward trajectory and double down in our key growth markets, particularly in the US,” said Tom Steer, CFO of Sokin.
SOURCE: PRNewswire
