PhotonPay has closed a $40 million Series C funding round led by Blockchain Capital, with participation from new investor SBI Group and follow-on investments from IDG Capital, GL Ventures, and Lightspeed Faction. The investment, announced via Media OutReach Newswire, values the company's ambition to build a stablecoin-centric Financial Operating System (Financial OS) that connects on-chain liquidity with traditional banking and card networks. The significance lies in the convergence of stablecoins and fiat currencies for everyday corporate operations, a shift that could redefine cross-border settlement and treasury management.
As of August 2026, PhotonPay's annualized transaction volume reached US$65 billion, and the company holds 34 payment and financial licenses across the Americas, Europe, and Asia, serving over 200,000 business customers in more than 200 countries and territories. The new capital will enhance multi-asset wallet capabilities, expand global card issuing, strengthen local clearing infrastructure, and develop an agent-ready financial execution layer. This matters because stablecoins are moving beyond crypto-native use cases into corporate treasury and commercial spending, and PhotonPay's infrastructure aims to make digital assets usable for daily business operations without forcing a choice between stablecoins and fiat.
PhotonPay's Financial OS integrates multi-asset wallets, global money movement, foreign exchange, local clearing, and card issuing through an API-first architecture. The multi-asset wallet connects stablecoin liquidity with fiat balances, enabling conversion, FX, and local clearing in one workflow. Businesses can open local collection accounts in 17 key markets, receive funds in over 60 currencies, and access more than 100 payout routes, including 74 major local e-wallets. Approximately 97% of payout transactions reach recipients within hours or same day, with 68% real-time. Over the past 12 months, PhotonPay issued 4.4 million cards, up 275% year-over-year. These capabilities are detailed at https://www.photonpay.com.
Beyond payments, PhotonPay is building an agent-ready layer for AI-driven commerce. In May 2026, it completed a live agentic payment demonstration with Mastercard using a tokenized PhotonPay card. The company plans to support the Model Context Protocol (MCP) to make account information, balances, card functions, and payments accessible as composable financial primitives, governed by a policy-based execution framework with programmable authorization rules and spending limits. This matters because as AI agents take on operational roles, financial infrastructure must evolve to translate business intent into coordinated actions while maintaining deterministic controls and auditable records.
The funding also underscores the depth required to deliver simplicity. PhotonPay has built institutional partnerships with J.P. Morgan, Standard Chartered, and DBS, and connections to domestic systems like Brazil's Pix and Mexico's SPEI. "Connecting financial networks is only the beginning," said Lewison Chen, Founder and CEO. "The real breakthrough is abstracting that complexity behind a unified, programmable financial layer, so businesses and AI agents can move from intent to execution within clearly defined boundaries." For more information, visit www.photonpay.com.
With backing from Blockchain Capital and SBI Group, PhotonPay is positioned to scale its dual-rail infrastructure, connecting stablecoin liquidity with local settlement and card networks. As businesses increasingly adopt stablecoins for everyday payments, the ability to bridge digital and traditional finance could become a competitive advantage, making this funding a signal of where corporate finance is heading.
