PhotonPay has made significant strides in the fintech space by securing a substantial amount of funding in its Series B round. Led by IDG Capital, this investment will propel the company's efforts to innovate within the blockchain and payment sectors. According to analysts cited in the report, the outlook is promising.
PhotonPay Secures Series B Funding
The Series B funding round raised tens of millions of USD, with notable participation from Hillhouse Ventures and Enlight Capital. This financial boost is set to enhance PhotonPay's global payment network, allowing the company to expand its offerings and develop blockchain-driven products by 2026.
CEO's Vision for the Future
CEO Lewison Chen highlighted the critical role this funding plays in bridging the gap between Web2 and Web3 technologies. He stated that the focus will be on creating:
- AI-driven
- stablecoin-centric financial solutions
which aim to redefine real-time liquidity in payment systems. Ultimately, this will transform how transactions are conducted in the digital age.
On January 5, Binance launched the Brevis project, aiming to address challenges in the Web3 landscape with innovative computing solutions. This initiative contrasts with PhotonPay's recent funding success, which focuses on enhancing blockchain payment systems. For more details, see Brevis project.
