Partior Raises $60M to Advance Blockchain Clearing & Settlement
- Partior has concluded its Series B funding round.
- The company raised tens of millions.
- The funding will “transform” global clearing and settlement through blockchain technology.
Singapore-based blockchain payment fintech Partior announced Friday the close of its multi-million series B round led by Peak XV Partners (formerly Sequoia Capital India & SEA).
Banking giants JPMorgan and DBS teamed up with Singapore state investor Temasek and founded Partior in 2021 to improve cross-border payments. The company rose to prominence and attracted other corporate affiliations, including Standard Chartered, which joined Partior as a “strategic backer” in 2022.
Partior’s $60M Funding
In a press release on July 12, Partior said it had raised $60 million in the round to “transform” clearing and settlement infrastructure worldwide.
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The company will use the funding to further develop its ledger-based interbank rails for real-time clearing and settlement and enrich them with new features, such as intraday FX swaps, Cross-currency repos, Programmable Enterprise Liquidity Management, and Just-in-Time multi-bank payments.
Per the statement, the investment will also support Partior’s international network growth, allowing the company to integrate additional currencies into its network: AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR. The company currently supports USD, EUR, and SGD currencies.
“Partior is breaking down silos and rewriting the rules for cross-border clearing and settlement. We see a very bright future for blockchain based frictionless, cross-border transactions. Having some of the world’s best banks and investors back our vision validates this even further,” Partior CEO Humphrey Valenbreder stated.The round attracted participation from Valor Capital Group and Jump Trading Group.
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