Stablecoin-Centric Infrastructure PhotonPay Secures Tens of Millions in Series B Led by IDG Capital

PhotonPay, a stablecoin-centric global digital financial infrastructure, today announced it has raised tens of millions of USD in Series B funding led by IDG Capital. Participants include Hillhouse Investment, Enlight Capital, Lightspeed Faction, and Shoplazza.

The funds will accelerate the expansion of PhotonPay’s next-generation stablecoin financial rails and broaden its global regulatory footprint. Currently processing over $30 billion in annualized volume, the platform operates 11 global hubs with 300+ experts. Serving industries from e-commerce to AI and SaaS, PhotonPay has helped businesses slash fund transfer costs by 75% and improve efficiency by 60%. The company aims to build a frictionless financial operating system for the global digital economy.