PhotonPay Closes $40 Million Series C Funding Round
The financial infrastructure provider plans to use the capital to expand its global operations and card-issuing capabilities.
Updated on Oct. 29, 2026 in Financial Services
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PhotonPay has secured $40 million in a Series C funding round led by Blockchain Capital. The company will utilize the new capital to enhance its Financial Operating System infrastructure and expand its global presence.
Why it matters
The funding enables PhotonPay to scale its multi-asset wallet capabilities and strengthen its clearing infrastructure across international markets. This expansion supports the company’s goal of providing a robust execution layer for global business transactions.
PhotonPay reported $65 billion in annualized transaction volume as of August 2026 and holds 34 payment and financial licenses. The company currently serves over 200,000 business customers across more than 200 countries.
The players
PhotonPay
A financial infrastructure company founded in 2015 that provides multi-asset wallet services and global payment clearing solutions.
Blockchain Capital
A venture capital firm that focuses on the blockchain and digital asset sector and served as the lead investor for this funding round.
SBI Group
A Japanese financial services company that participated in this funding round as a new investor.
Blacksheep Technology
An advisory firm that served as the exclusive financial advisor for this transaction.
The details
PhotonPay utilizes an integrated API-first architecture to connect multi-asset wallets with fiat and stablecoin networks, supported by local collection accounts in 17 markets. The company plans to integrate the Model Context Protocol while continuing to expand its local clearing and compliance infrastructure into new jurisdictions.
Timeline
PhotonPay was founded in Hong Kong in 2015.
PhotonPay and Mastercard performed a live agentic payment demo in May 2026.
Annualized transaction volume reached $65 billion in August 2026.
PhotonPay announced the closing of its Series C funding on October 29, 2026.
Market Landscape
The integration of the Model Context Protocol signals a shift toward AI-ready financial execution layers in the global payment industry. This move positions PhotonPay to maintain competitiveness against other infrastructure providers by standardizing how its systems interface with evolving automation technologies.
For the company's 200,000 business customers, this capital infusion aims to improve the speed and reliability of cross-border financial transactions. Users can expect enhanced multi-asset wallet features and more efficient clearing options as the company scales its global infrastructure.
The takeaway
The move reflects a growing industry demand for integrated, multi-asset payment solutions that bridge traditional fiat and digital networks. Businesses relying on global clearing systems should monitor these infrastructure upgrades for potential improvements in transaction speed and currency support.
Further reading
For more on industry trends, visit the Financial Services section.
More information
Find additional details on the PhotonPay corporate information portal.
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