New Sokin CFO keeps eye on North American opportunity [Yahoo! Finance]
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Source: Yahoo! Finance
Cross-border business payment provider Sokin sees a “really big opportunity” in North America as it sets the stage for ambitious future growth, CFO Tom Steer told CFO Dive. The London-based company, which offers software to support treasury as well as cross-border accounts payable and receivable services, is moving forward with expansion plans to new markets, supported by funding including a Series B round it closed in December — which valued the fintech at $300 million — and the securing of a $100 million debt facility in January, according to company press releases. The business has seen “really strong traction” in the North American market, Steer, who has served as Sokin's finance chief since October, said in an interview. “Previously, we've had a pretty light footprint there and so now we're really looking to double down on that market.” Enabling growth ambition Steer's hiring occurred during a “heightened period of capital activity,” according to a March 5 Sokin press re
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