Stablecoin payment company PhotonPay completes tens of millions of dollars Series B financing, led by IDG Capital

PANews, January 12 – According to Crowdfund Insider, stablecoin payment infrastructure provider PhotonPay has announced the completion of a tens of millions of dollars Series B financing round. The round was led by IDG Capital, with participation from Hillhouse Investment, Enlight Capital, Lightspeed Faction, and Shoplazza. Blacksheep Technology served as the exclusive financial advisor. The company did not disclose its valuation. The new funds will be used to accelerate the expansion of its stablecoin financial payment channels, recruit key talent, and expand its global regulatory compliance footprint, with a particular focus on the United States and certain emerging markets.

Founded in 2015, PhotonPay currently operates 11 centers worldwide and has more than 300 employees. The company stated that its annualized payment processing volume, based on its “stablecoin-native” clearing and settlement infrastructure, has exceeded $30 billion. PhotonPay has established partnerships with financial institutions such as JPMorgan, Circle, Standard Chartered Bank, DBS Bank, and Mastercard, and plans to strengthen its account issuance, acquiring, and foreign exchange service capabilities. Starting from 2026, PhotonPay also plans to launch enterprise value-added services, including idle fund yield treasury products and flexible credit tools.