PhotonPay’s Series B round, led by IDG Capital, will drive stablecoin payment channel expansion, talent recruitment, and compliance growth in U.S. and emerging markets.
According to the company’s official statement, PhotonPay has completed a multi-million dollar Series B funding round led by IDG Capital, with Hillhouse Investment, Enlight Capital, Lightspeed Faction, and Shoplazza participating. The funds will be used to accelerate the expansion of its stablecoin payment channels, recruit additional talent, and enhance compliance capabilities in the U.S. and emerging markets.