PhotonPay announced it has raised “tens of millions of U.S. dollars” in a Series B funding round to expand what it describes as a stablecoin-native global financial infrastructure platform for cross-border payments, treasury, and embedded finance.
The round was led by IDG Capital, with participation from Hillhouse Investment, Enlight Capital, Lightspeed Faction, and Shoplazza, the company said. Blacksheep Technology served as exclusive financial advisor on the financing.
PhotonPay said it will use the new capital to accelerate expansion of its stablecoin-based payment rails, hire key talent, and broaden its global regulatory footprint, with particular focus on the U.S. and select emerging markets.
Founded in 2015, PhotonPay said it operates from 11 global hubs with a team of more than 300 and supports customers across e-commerce and marketplaces, B2B trade, online travel agencies, and logistics, as well as high-growth digital sectors including AI, SaaS, and digital entertainment.
The company said its stablecoin-native clearing infrastructure is now processing more than $30 billion in annualized payment volume, serving tens of thousands of businesses. PhotonPay also claimed its platform helps clients cut global transfer costs by more than 75% and improve operational efficiency by 60%.
As part of its expansion plans, PhotonPay pointed to partnerships with financial institutions and networks including J.P. Morgan, Circle, Standard Chartered, DBS, and Mastercard, which it said will help deepen connectivity to global payment networks and enhance account issuance, acquiring, and FX capabilities.
PhotonPay said it is also building out an end-to-end “collect, manage, and pay” ecosystem and expects to introduce additional enterprise services, including treasury tools intended to generate yield on idle funds and more flexible credit offerings by 2026.
On the technology side, the company said it is upgrading its risk and compliance stack with proprietary AI models aimed at strengthening AML and anti-fraud controls, while further integrating stablecoin rails to enable 24/7 settlement and automated payment workflows across traditional and digital-asset liquidity.
KEY QUOTES:
“Global payments are experiencing a once-in-a-generation structural revolution: moving from slow, siloed legacy interbank networks to a unified, digital-asset-native system built for real-time liquidity and intelligent treasury. We fundamentally believe the future payment stack will be stablecoin-ready, and we are building it now. Stablecoins are not just a new settlement tool, they are the foundation for moving value globally at the speed of photon—zero friction, zero latency.”
Lewison Chen, Founder & CEO, PhotonPay
“Global commerce is undergoing a fundamental shift, and PhotonPay is building the financial operating system for this new era. What stands out most is the team’s ability to abstract the complexity of global compliance and liquidity into a seamless, intelligent infrastructure. By tackling payments at the infrastructure layer, PhotonPay is re-architecting how global payment systems operate through AI-driven intelligence and stablecoin-native capabilities.”
IDG Capital
“Innovative technologies such as AI and blockchain will reshape the global financial system. What we are backing are not incremental products or services built on top of traditional finance, but fundamentally new technological paradigms and solutions that rearchitect core financial processes – making finance more accessible, inclusive, and transparent on a global scale. We see tremendous potential in PhotonPay to become a foundational financial services provider in a future digitalized and AI-native world.”
Anthony Zhu, Founding Partner, Enlight Capital
