PhotonPay Secures Multi-Million Dollar Series B Funding for Blockchain Payment Infrastructure

According to ChainCatcher, digital finance and payment infrastructure company PhotonPay has announced the completion of a multi-million dollar Series B funding round. The round was led by IDG Capital, with participation from GL Ventures, Enlight Capital, Lightspeed Faction, and Shoplazza. The newly acquired funds will be used to deploy blockchain-driven next-generation payment infrastructure. PhotonPay aims to utilize smart contracts to enhance automation and transparency in global settlements, reduce transaction friction and costs, and strengthen anti-money laundering (AML) and anti-fraud systems.