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What is Sokin?

Sokin operates as an all-encompassing global business payments platform, allowing organizations to efficiently oversee their accounts, transfer funds, receive payments, and conduct business smoothly across international markets through a unified interface. Its ability to manage and maintain funds in 26 different currencies helps companies reduce their dependence on various providers or regional banking institutions. Furthermore, the platform supports global payments in over 70 currencies, facilitating transactions in more than 170 countries via local payment methods, SWIFT, and instantaneous transfers between Sokin accounts. Teams can boost operational efficiency by storing beneficiary information, converting currencies, assigning user roles for payment authorizations, and processing up to 5,000 individual payments at once, which significantly minimizes manual workload. Moreover, Sokin accommodates payments through cards and various alternative payment methods, while also delivering embedded financial services via flexible APIs. Businesses can streamline numerous processes, such as payouts, currency conversions, onboarding, and KYC and KYB compliance, all while effortlessly integrating these features into their own systems, thus boosting their operational prowess. This seamless integration not only simplifies the complexities of financial transactions but also grants businesses enhanced control and adaptability over their payment processes, ultimately supporting their growth and efficiency in an ever-evolving marketplace.

What is Almond?

Almond signifies a groundbreaking development in the field of global financial technology, enabling money transfers through cutting-edge techniques. By seamlessly integrating fiat and digital currencies, the Almond API suite boosts transaction efficiency by shortening settlement times, lowering costs, and enhancing transparency. While cross-border payments typically pose considerable obstacles, Almond's Transfer Protocol improves the experience by establishing standardized communication channels among financial institutions and optimizing the conversion process between fiat and digital currencies. The transaction begins when the sender deposits fiat currency at their financial institution, which is then converted into digital currency for overseas transfer via a network of exchanges. Upon arriving at the recipient's financial institution, the digital currency is converted back into fiat, guaranteeing a seamless transfer experience. This innovative approach not only streamlines transactions but also brings a newfound level of clarity to international money transfers, addressing previous complexities faced by users. As a result, Almond not only transforms the payment landscape but also fosters greater trust and reliability in cross-border financial transactions.

Media

Media

Integrations Supported

NetSuite
QuickBooks Online
Sage 100
Xero

Integrations Supported

API Availability

Has API

API Availability

Pricing Information

Free
Free Version

Pricing Information

Pricing not provided

Supported Platforms

SaaS
Android
iPhone
iPad

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Documentation Hub

Company Facts

Organization Name

Sokin

Date Founded

2019

Company Location

United Kingdom

Company Website

sokin.com

Company Facts

Organization Name

Almond FinTech

Date Founded

2020

Company Location

United States

Company Website

almondfintech.com/our-technology/

Categories and Features

Cross-Border Payment

Not specified

Categories and Features

Cross-Border Payment

Not specified

Money Transfer

Not specified

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