PhotonPay Secures $40 Mn to Expand Stablecoin Payment Infrastructure

The round included new investor SBI Group, along with existing investors IDG Capital, GL Ventures and Lightspeed Faction. Blacksheep Technology served as the exclusive financial adviser for the transaction.

PhotonPay plans to use the fresh funding to improve its multi-asset wallet, expand global card issuance, strengthen local payment infrastructure and develop financial services designed to support AI-powered payment systems.

Funding to Support Global Payment Expansion

The new investment will help PhotonPay connect stablecoin payments with traditional banking and financial networks. Its platform allows businesses to receive, convert, hold and transfer funds across different currencies and payment systems.

The company supports local collection accounts in 17 markets and allows businesses to receive payments in more than 60 currencies. Its network also provides over 100 payout routes and supports payments through 74 local digital wallets.

Expanding Card Services and AI-Powered Payments

PhotonPay is also expanding its global card issuance services, allowing businesses and technology platforms to issue virtual and physical payment cards through its APIs.

The company issued 4.4 million cards in the 12 months through August 2026, representing a 275% increase compared with the previous year. Its platform also provides spending controls and payment features that businesses can integrate into their own software.

PhotonPay's Global Financial Network

Founded in Hong Kong in 2015, PhotonPay has developed payment infrastructure connecting stablecoins with traditional financial systems.

The company reported having 34 payment and financial licenses and regulatory authorizations across the Americas, Europe and Asia.

PhotonPay currently operates with more than 100 enterprise and platform partners. The company plans to use its new funding to strengthen its payment and compliance infrastructure in existing markets and expand into additional regions.

About PhotonPay

PhotonPay is a Hong Kong-based financial technology company founded in 2015. It provides global payment solutions for businesses, including multi-asset wallets, foreign exchange, cross-border payments, local clearing and virtual and physical card issuance.

Its platform connects stablecoin and traditional financial networks to help businesses manage payments and financial operations across international markets.

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