{
  "id": 17080561,
  "title": "PhotonPay Raises $40M Series C to Scale Its Stablecoin-Centric Financial OS",
  "url": "https://urgent.news/2026/10/29/photonpay-raises-40m-series-c-to-scale-its-stablecoin-centric",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T14:08:02.000Z",
  "source": {
    "name": "Arabian Post",
    "slug": "arabian-post",
    "url": "https://thearabianpost.com/photonpay-raises-40m-series-c-to-scale-its-stablecoin-centric-financial-os/"
  },
  "original_language": "en",
  "account": "PhotonPay has secured a $40 million Series C funding round led by Blockchain Capital, with participation from new investors SBI Group and existing backers IDG Capital, GL Ventures, and Lightspeed Faction. The funds will be used to expand PhotonPay's stablecoin-centric Financial Operating System (Financial OS). PhotonPay's Financial OS connects stablecoin liquidity with global fiat networks, enabling businesses to manage and deploy funds across markets. The company has reached an annualized transaction volume of US$65 billion, secured 34 payment and financial licenses, and serves over 200,000 customers across more than 200 countries. PhotonPay's Financial OS offers multi-asset wallet capabilities, global card issuing, local clearing infrastructure, and an agent-ready financial execution layer. With AI-driven automation, PhotonPay is developing policy-governed execution frameworks to enable AI agents to perform financial tasks autonomously, creating what the company calls \"agentic commerce.\"",
  "summary": "Led by Blockchain Capital, the funding will accelerate the expansion of PhotonPay's stablecoin-centric Financial OS, connecting stablecoin liquidity with global fiat networks to unlock digital assets for everyday corporate operations and cross-border settlement. HONG KONG SAR – Media OutReach Newswire – 29 October 2026 – PhotonPay today announced the closing of a $40 million Series C funding…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}