Vroon Modgill spent two decades in payments as an accountant, finance director and CFO before founding Sokin in 2019. The company launched as a subscription-based consumer remittance app and is now a B2B payments and treasury platform running across 170 countries and 70 currencies, growing 100% a year while staying profitable. We talk about the pivot out of consumer, where stablecoins actually earn their place, and why he thinks the moat in agentic finance sits in the regulated plumbing rather than in the agent.
What We Covered
Twenty years in payments before founding Sokin
Watching his father fill out the same compliance forms on every remittance
Why a consumer subscription app was the wrong business to be in
The 2021 decision to go all in on B2B
Sitting underneath the payments, treasury and FX providers
One integration across 170 countries and 70 currencies
Enterprise direct versus the embedded partner channel
Embedded going from zero to 40% of projected US revenue in a year
Why most of the world is not card first
Owning the stablecoin stack instead of renting it
The MCP connector and agent-prepared, human-approved payments
Nine dollars of revenue for every dollar of net cash burned
The Series B, the Oxford Finance debt facility and the licensing build-out
What the Manchester United partnership actually delivers
Key Takeaways
The defensible layer in agentic finance is not the model. An agent that decides to fund payroll still needs an account, a license and a rail, which is why the licensing build-out matters more than the AI demo.
Stablecoins work best treated as a rail rather than a religion. Sokin bought the engineering DNA, runs fiat and stable through the same licensed infrastructure, and lets the route decide.
Consumer remittance is a price and marketing game. Being right about the problem does not make it the right business, and the enterprise version of the same friction is where the money is.
Profitable growth is a capital strategy, not just discipline. It let Sokin raise equity into strength and add debt at a lower cost than dilution.
About Vroon Modgill
Vroon Modgill is the founder and CEO of Sokin, a global business payments and treasury platform he launched in 2019. He trained as an accountant and spent roughly 20 years in payments and finance leadership roles, including finance director positions at startups and, from 2017 to 2019, North America CEO and global CFO of a crypto payments company. Sokin closed a Series B led by Prysm Capital with Morgan Stanley returning, followed by a debt facility from Oxford Finance, and is the official payments partner of Manchester United.
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