# PhotonPay raises $40 million Series C led by Blockchain Capital

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PhotonPay has completed a $40 million Series C funding round led by Blockchain Capital. SBI Group joined as a new investor, and IDG Capital, GL Ventures and Lightspeed Faction also participated.

PhotonPay is a Hong Kong-based fintech company building a stablecoin-centric financial operating system. Its offering covers multi-asset wallets, global card issuance and local clearing services, and it is developing a financial execution layer for AI agents. According to the company, its annualised transaction volume reached $65 billion as of August 2026. It reports 34 payment and financial licences or authorisations across the Americas, Europe and Asia, more than 200,000 enterprise clients, and operations in over 200 countries and regions.

The round is a company funding event. The announcement does not describe changes to card terms, fees or supported countries, and PhotonPay is not currently linked to a product in this catalogue.

Sources: Odaily newsflash (29 October 2026); funding announcement shared by The Block on X.

## Sources

- [Odaily: PhotonPay Completes $40 Million Series C Funding, Led by Blockchain Capital](https://www.odaily.news/en/newsflash/528715)
- [The Block: PhotonPay $40M Series C announcement](https://x.com/TheBlockCo/status/2115799191406653595)

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- **As of:** 29 Oct 2026
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Please cite: Source: cryptocardss.com (cryptovss), as of 29 Oct 2026, https://cryptocardss.com/en/news/photonpay-series-c-funding-40-million/