PhotonPay Completes $40 Million Series C Financing

PhotonPay has announced the completion of a $40 million Series C financing round, led by Blockchain Capital, with SBI Group participating as a new investor. IDG Capital, Hillhouse Capital, and Lightspeed Faction also made additional investments. Blacksheep Technology served as the exclusive financial advisor for this round of financing. The funds will accelerate PhotonPay's expansion of its financial operating system centered around stablecoins, focusing on enhancing core capabilities such as multi-asset wallets for stablecoins and fiat currencies, global issuance, and local clearing. It will also expedite the construction of a financial execution layer for AI agents. PhotonPay's financial operating system connects stablecoin liquidity with traditional financial networks, helping businesses manage, mobilize, and utilize funds across assets and markets. The company is advancing the construction of financial infrastructure aimed at AI agents to support AI-driven financial workflows and agent commerce. Founded in 2015 in Hong Kong, PhotonPay has 16 offices worldwide and holds over 30 payment and financial licenses and regulatory approvals across the Americas, Europe, and Asia, serving businesses in more than 200 countries and regions around the globe.

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