Morgan Stanley-backed payments firm Sokin expands to EU via acquisition

Sokin acquires Settle for payments tech boost

UK-based payments firm Sokin has announced the acquisition of Norwegian fintech Settle Group AS (Settle) for an undisclosed sum.

Sokin acquires Norwegian fintech Settle

UK-based payments company Sokin has acquired Norwegian fintech Settle Group AS (Settle) for an undisclosed amount. As a result, Sokin will use the partnership to improve its tech offering for Sokin Pay. The move comes months after Sokin received $31M from Morgan Stanley Expansion Capital. Settle is a payments app that enables consumers and businesses to send and receive money instantly, both domestically and across borders. It was launched in 20…

Sokin Completes Strategic Acquisition of Norwegian Fintech Settle

UK headquartered payments firm Sokin today announces that it has acquired Norwegian fintech Settle Group AS (Settle) for an undisclosed amount. The acquisition enables Sokin to enhance its technological capabilities, driving the development of innovative solutions and products, including Sokin Pay. Settle is an app-based payment platform, launched in 2010, that operates across all EU countries. It enables consumers and businesses to send and rec…

Morgan Stanley-backed payments firm Sokin expands to EU via acquisition

Sokin, a British payments firm backed by Morgan Stanley and former footballer Rio Ferdinand, will expand into the European Union (EU) through the acquisition of Norwegian fintech Settle. The acquisition of Settle will give Sokin access to its European EMI licence – regulatory approval to provide payment services in Europe. Settle, which launched in Oslo in 2010, is an app-based payments platform that operates across the whole of the EU. Though S…