PhotonPay has raised $40 million in a Series C funding round. According to ChainCatcher, Blockchain Capital led the round, with new investor SBI Group and existing investors IDG Capital, GL Ventures, and Lightspeed Faction participating. PhotonPay said it will use the funding to expand its stablecoin-focused financial operating system, including multi-asset wallets supporting stablecoins and fiat currencies, global card issuance, local clearing, and financial tools for AI agents. Blacksheep Technology served as the round’s exclusive financial adviser.