The $12M Behind Sokin's $90M RR Net Revenue
Hey FinTech Fanatic!
Sokin just dropped its H1 numbers, and they're the kind that make you do a double-take 🤯
The B2B payments company closed the first half of 2026 at $90M RR Net Revenue, up more than 100% year-over-year, and is tracking to $120M+ by December. That's not a typo.
But the number that really caught my attention isn't the RR Net Revenue. It's the burn.
Since launching its B2B proposition in 2022, Sokin has spent just $12M in net cash to reach $90M in RR Net Revenue. For every dollar burned, it built roughly $9 of revenue. Most VC-backed companies incinerate cash to get anywhere near this scale.
Sokin did the opposite.
And the growth isn't coming from a flashy consumer app. It's coming from the layer underneath: licences across 36 countries, 170+ countries served, 18 direct banking partnerships, its own settlement rails, and now its own stablecoin stack, owned end to end. That licence footprint is the real moat. You can copy an agent in a day; a regulatory footprint like that takes years to build.
There's plenty more below. Scroll down for more FinTech news 👇
See you on Monday!
Cheers,
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