Blockchain Fintech Partior Raises $60 Million in Series B Funding
Partior, a blockchain-based payment fintech, secured over $60 million in a Series B funding round led by Peak XV Partners. The round saw participation from new investors Valor Capital and Jump Trading, along with existing backers JPMorgan, Standard Chartered, and Temasek.
Partior aims to leverage the fresh capital to enhance its ledger-based interbank rails for real-time clearing and settlement. This includes introducing features like intraday FX swaps, expanding currency support, and enabling just-in-time multi-bank payments.
Founded in 2021 with support from the Monetary Authority of Singapore, Partior is focused on modernizing cross-border payments. Standard Chartered joined as a founding shareholder in 2022. The Partior network is already used by major banks like DBS, JPMorgan, and Standard Chartered to facilitate payments for clients such as Siemens and iFAST Financial. The network currently supports USD, EUR, and SGD.
Partior CEO Humphrey Valenbreder highlighted the company’s mission to revolutionize cross-border clearing and settlement, stating, “We see a very bright future for blockchain-based frictionless, cross-border transactions.”
This successful funding round for Partior comes at a time when financial institutions are increasingly exploring blockchain technology to improve their services. Goldman Sachs, for example, has announced plans to launch three tokenization projects by the end of the year, aiming to tokenize real-world assets like money market funds and real estate holdings.
The broader industry trend highlights the growing importance of blockchain technology in modernizing financial systems.
