PhotonPay announces completion of $40 million Series C funding, led by Blockchain Capital.

October 29: Hong Kong fintech company PhotonPay announced the completion of a $40 million Series C funding round, led by Blockchain Capital, with new investor SBI Group participating, and IDG Capital, GL Ventures, and Lightspeed Faction following. The funds will be used to expand its stablecoin-centric financial operating system, strengthen multi-asset wallet, global card issuance, and local clearing capabilities, and advance a financial execution layer for AI agents.

As of August 2026, the company's annualized transaction volume reached $65 billion, and it has obtained 34 payment and financial licenses or authorizations across the Americas, Europe, and Asia, serving over 200,000 enterprise clients and covering more than 200 countries and regions.