PhotonPay completed tens of millions of dollars in Series B financing, led by IDG Capital.

PhotonPay, a digital finance and payment infrastructure platform, recently announced the successful completion of tens of millions of dollars in Series B financing. This round of financing was led by IDG Capital, with follow - on investments from GL Ventures, Enlight Capital, Lightspeed Faction, and Shoplazza. Blacksheep Technology served as the exclusive financial advisor. The funds from this round will be primarily used for in - depth development of the global payment network, upgrading the underlying technological architecture, accelerating the layout of global compliance licenses and local operations, and promoting the large - scale expansion of the business.