Overview
Photonpay, a stablecoin-centric digital financial infrastructure company, has successfully completed a Series B funding round of tens of millions of USD, led by IDG Capital with participation from several investors. The funding will accelerate the expansion of its stablecoin financial rails, enhance operational efficiency, and reduce global fund transfer costs by over 75%. Photonpay processes over $30 billion in annualized payment volume and aims to fortify global financial infrastructure while expanding its product ecosystem and compliance capabilities.
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Investors: IDG Capital
Photonpay, a stablecoin-centric digital financial infrastructure company, has successfully completed a Series B funding round of tens of millions of USD, led by IDG Capital with participation from several investors. The funding will accelerate the expansion of its stablecoin financial rails, enhance operational efficiency, and reduce global fund transfer costs by over 75%. Photonpay processes over $30 billion in annualized payment volume and aims to fortify global financial infrastructure while expanding its product ecosystem and compliance capabilities.