PhotonPay, a digital finance and payment infrastructure platform, has recently successfully closed a Series B funding round, raising tens of millions of US dollars. This financing endeavor was spearheaded by IDG Capital, and saw contributions from prominent investors including Hillhouse Venture Capital, Enlight Capital, Lightspeed Faction, and Shoplazza. Blacksheep Technology played a pivotal role as the financial advisor for this transaction.

The newly acquired funds are earmarked for several strategic initiatives. These include expanding the global payment network, enhancing technological infrastructure, expediting the acquisition of compliance licenses, and bolstering localized operations. These efforts are aimed at fostering the scalable growth of the business.

Leveraging the power of AI technology, PhotonPay has developed a sophisticated global payment intelligence system. This system offers a comprehensive suite of services, encompassing global account management, card issuance, acquiring, distribution, exchange management, and embedded finance solutions. Currently, PhotonPay's reach extends to over 230 countries and regions, facilitating payments in more than 60 currencies. It has also established connections with 87 local clearing networks, enabling real-time settlement for a staggering 97% of transactions.