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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 EFICYENT?

EFICYENT is a B2B solution designed for cross-border payments that enables businesses to efficiently collect, store, convert, and transfer funds on a global scale. Supporting transactions in more than 100 currencies and operating in over 190 countries, it boasts features like real-time transaction tracking and built-in compliance protocols. Notable Features: Global Accounts – Effortlessly manage and hold assorted currencies from a single platform, allowing for direct payments to partners while automating currency conversions and disbursements. Smart FX – Access competitive foreign exchange rates, execute bulk conversions anytime, and maintain complete visibility over currency exposure. Global Payout Network – Send money to more than 190 nations using local payment options without incurring hidden fees. Card Issuance – Distribute branded Visa and Mastercard cards, whether virtual or physical, globally, with instant controls for managing expenses. White-Label Solution – Develop a fully tailored payment platform without the necessity of building the fundamental infrastructure from scratch. This all-encompassing strategy enables businesses to enhance their financial processes substantially, ultimately driving operational efficiency and cost savings.

Media

Media

No images available

Integrations Supported

NetSuite
QuickBooks Online
Sage 100
Xero

Integrations Supported

NetSuite
QuickBooks Online
Sage 100
Xero

API Availability

Has API

API Availability

Has API

Pricing Information

Free
Free Version
Free Trial Offered?

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Sokin

Date Founded

2019

Company Location

United Kingdom

Company Website

sokin.com

Company Facts

Organization Name

EFICYENT

Date Founded

2021

Company Location

United Arab Emirates

Company Website

eficyent.com

Categories and Features

Categories and Features

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