Redwood City headquartered firm in its statement said that the investment would drive the imminent shift from the current popular centralised internet or Internet 2.0 to a more decentralised environment of the future or Internet 3.0.
The Singapore-headquartered company, co-founded by Mumbai-bred Prajit Nanu, will use the investments to build its global payment infrastructure, it said in a statement here.
Philips had announced in March an agreement to sell a stake of 80.1 percent in the business to Go Scale Capital, an investment fund of Asian private equity firms.