PhotonPay raises $40M in Series C led by Blockchain Capital

The Hong Kong fintech plans to expand its stablecoin-centric financial OS and build payment rails for AI agents PhotonPay has closed a $40 million Series C round, led by Blockchain Capital. The Hong Kong-based fintech plans to use the money to grow its payment services and build financial tools for AI agents. The round concluded on October 29, 2026. It lands at a moment when stablecoins and autonomous software are both trying to become real infrastructure, not just conference talking points. Who wrote the checks, and what they’re paying for Blockchain Capital led the round. SBI Group, IDG Capital, GL Ventures and Lightspeed Faction also took part. The capital is earmarked for PhotonPay’s Financial Operating System, which the company calls its Financial OS. Think of it as a single control panel for a business’s money, whether that money lives in dollars, euros or stablecoins. The expansion plan has three main parts. The first is multi-asset wallets that bridge stablecoins and fiat currencies. The second is global card issuance. The third is local clearing infrastructure across what the company describes as strategic markets. Local clearing deserves a quick translation. Instead of ro...