PhotonPay, a Hong Kong-based fintech, has raised $40 million in Series C funding led by Blockchain Capital, marking a significant step in its mission to build a stablecoin-centric Financial Operating System...
Summary
- The round also saw participation from SBI Group, with existing investors IDG Capital, GL Ventures, and Lightspeed Faction contributing additional capital.
- The investment will accelerate PhotonPay’s expansion into global card issuing, local clearing infrastructure, and an agent-ready financial execution layer.
- “Moving money across borders in seconds means little if it still takes days to put that capital to work,” Chen said.
- The platform connects stablecoin liquidity with fiat balances, enabling businesses to manage and deploy funds efficiently across markets.
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