[PhotonPay Announces $40 Million Series C Funding Round Led by Blockchain Capital] BlockBeats reported on October 29th that Hong Kong-based fintech company PhotonPay announced the completion of 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 funds will be used to expand its stablecoin-centric financial operating system, strengthen its multi-asset wallet, global card issuance and local clearing capabilities, and advance its AI-driven financial execution layer. As of August 2026, the company has an annualized transaction volume of $65 billion and has obtained 34 payment and financial licenses or authorizations in the Americas, Europe, and Asia, serving over 200,000 enterprise clients across more than 200 countries and regions. [Original Link]