Partior Secures $60 Million in Series B Funding from Leading Investors
Partior Secures $60 Million in Series B Funding, Backed by JPMorgan and Standard Chartered
Partior, a blockchain settlement network and financial services company, has announced that it successfully raised $60 million in Series B funding. The investment round was led by Peak XV Partners, with support from Valor Capital Group and Jump Trading Group. Additionally, founding shareholders JPMorgan, Standard Chartered, DBS, and Temasek continued to show their support for the company.
CEO Humphrey Valenbreder expressed his excitement about the future of blockchain-based cross-border transactions, stating that Partior is revolutionizing the clearing and settlement process. With the backing of some of the world’s leading banks and investors, the company’s vision is being validated.
Traditional cross-border payments often face challenges such as delays, high costs, and lack of transparency. Partior aims to address these issues with its global unified ledger, which allows financial market participants to access real-time, cross-border clearing and settlements in multiple currencies.
The funding will enable Partior to develop new capabilities, including Intraday FX swaps, cross-currency repos, enterprise liquidity management, and multi-bank payments. JPMorgan, Standard Chartered, and DBS are already using Partior to facilitate payments for their customers, with companies like Siemens and iFAST Financial leveraging the platform for improved working capital management and faster payment flows.
Partior’s innovative approach to cross-border transactions has garnered significant interest from industry players, and the company’s latest funding round is expected to fuel further growth and development in the blockchain payments space.
