Blockchain Capital

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PhotonPay raises $40M to link stablecoin and fiat payment rails

Led PhotonPay's $40 million Series C.

PhotonPay raised $40 million to connect stablecoin balances to the bank accounts, local payment systems and cards companies already use. Blockchain Capital led the round, and SBI Group joined as a new investor.

Updated Oct 30

TRM Labs doubles valuation to $2 billion in expanded Series C

Money Moves

As of September 2026: Led both Series C tranches for TRM

TRM Labs, a San Francisco company that traces illicit cryptocurrency, expanded its Series C round on September 9 at a $2 billion valuation, twice its February level. Blockchain Capital, which led a $70 million tranche in February, led this expansion too.

Updated Sep 10