Digital finance and payment infrastructure company PhotonPay has secured tens of millions of dollars in Series B funding, led by IDG Capital

Svmuu News: PhotonPay, a digital finance and payment infrastructure provider, announced the completion of a Series B funding round worth tens of millions of dollars. The round was led by IDG Capital, with participation from Hillhouse Ventures (GL Ventures), Enlight Capital, Lightspeed Faction, and Shoplazza. The new funding will support the deployment of its blockchain-driven next-generation payment infrastructure, leveraging smart contracts to revolutionize the automation and transparency of global settlements while reducing transaction friction and processing costs, and simultaneously strengthening AML (Anti-Money Laundering) and anti-fraud systems. (ETNET)