PhotonPay Raises $40M Series C

PhotonPay, a Hong Kong-headquartered fintech company providing a stablecoin-focused financial operating system, has closed a $40 million Series C funding round. This latest investment brings the company closer to its goal of bridging on-chain liquidity with traditional banking and payment infrastructure.

Investors

The funding round was led by Blockchain Capital. Additional participants include SBI Group, IDG Capital, GL Ventures, and Lightspeed Faction.

PhotonPay Use of Funds

PhotonPay intends to use the capital to expand its stablecoin-centric financial operating system. Key investment priorities include enhancing multi-asset wallet capabilities, expanding global card issuing, strengthening local clearing infrastructure in target markets, and developing an agent-ready financial execution layer to support AI-driven financial workflows.

About PhotonPay

Founded by CEO Lewison Chen, PhotonPay provides a financial operating system that connects stablecoin liquidity with global banking, clearing, and card networks. The platform utilizes an API-first architecture to enable businesses to manage cross-border settlements, local collections in 60 currencies, and programmable card issuing.

Funding Details

Company Website: https://photonpay.com

Company: PhotonPay
Raised: $40M
Round: Series C
Funding Date: October 29, 2026
Lead Investor: Blockchain Capital
Additional Investors: SBI Group, IDG Capital, GL Ventures, Lightspeed Faction
Software Category: Fintech
Source: https://menafn.com/1111887246/Photonpay-Closes-40-Million-Series-C-Led-By-Blockchain-Capital-To-Expand-Its-Stablecoin-Focused-Financial-OS