Digital Finance and Payment Infrastructure PhotonPay Completes Tens of Millions USD Series B Funding Round, Led by IDG Capital

Odaily News Digital finance and payment infrastructure PhotonPay announced the completion of a tens of millions USD Series B funding round, led by IDG Capital, with participation from GL Ventures, Enlight Capital, Lightspeed Faction, and Shoplazza. The new capital will support its deployment of a blockchain-powered next-generation payment infrastructure, leveraging smart contracts to reshape the automation and transparency of global settlements while reducing transaction friction and circulation costs, and simultaneously enhancing its AML (Anti-Money Laundering) and anti-fraud systems. (ETNET)