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PhotonPay raises $40 million Series C led by Blockchain Capital

Hong Kong-based fintech company PhotonPay has raised $40 million in a Series C funding round led by Blockchain Capital to grow its stablecoin payment infrastructure and build financial tools for AI agents.

PhotonPay logo featuring a yellow looped symbol beside black text on a white background.
Image: @Crypto_Briefing

Hong Kong-based payments company PhotonPay has secured $40 million in a Series C funding round led by Blockchain Capital, according to reports from The Block and Crypto Briefing. The financing attracted new participation from SBI Group, alongside follow-on commitments from previous backers IDG Capital, GL Ventures, and Lightspeed Faction.[3][4][1]

PhotonPay plans to deploy the fresh capital to broaden its multi-asset wallets, global card issuing, and local clearing infrastructure. The startup is also looking to expand its stablecoin-focused Financial OS and international payment network while building financial tools tailored for AI agents.[3][4][1]

Key facts

  • PhotonPay raised $40 million in a Series C funding round.
  • The round was led by venture capital firm Blockchain Capital.
  • SBI Group joined the round as a new investor, with follow-on investments from IDG Capital, GL Ventures, and Lightspeed Faction.
  • PhotonPay is headquartered in Hong Kong.
  • The company plans to use the funds to expand multi-asset wallets, global card issuing, local clearing infrastructure, and its stablecoin-focused Financial OS.
  • PhotonPay is developing financial tools specifically for AI agents.

Sources · 4 sources

  1. CB

    Crypto BriefingArticle ·

    Blockchain Capital leads $40 million round for stablecoin fintech PhotonPay PhotonPay's funding boost could accelerate the integration of stablecoins into mainstream finance, enhancing global payment efficiency and AI-driven commerce. The post Blockchain Capital leads $40 million round for stablecoin fintech PhotonPay appeared first on Crypto Briefing .

    Open source
  2. TS

    The SaaS News@TheSaaSNewsPost on X ·

    PhotonPay Raises $40M Series C #FinancialOS #DigitalFinance #Stablecoin #PaymentSolutions #CrossBorderPayments #Fintech #SeriesC #Funding #PhotonPay https://t.co/ojLcFUktKf

    Open source
  3. TB

    The Block@TheBlockCoPost on X ·

    THE BLOCK: PhotonPay raised $40 million in a Series C led by Blockchain Capital, with participation from new investor SBI Group and follow-on investments from IDG Capital, GL Ventures, and Lightspeed Faction. The Hong Kong-based company plans to expand multi-asset wallets, global card issuing and local clearing infrastructure, while developing financial tools for AI agents.

    Open source
  4. CB

    Crypto Briefing@Crypto_BriefingPost on X ·

    💥 NEW: PhotonPay raises $40 million in a Blockchain Capital-led Series C to expand its stablecoin-focused Financial OS and global payment network. https://t.co/o3e5jnboW6

    Open source