Fintech
Partior Raises Over $60M in Series B Funding
DividerA Singapore-based fintech company that aims to provide unified ledger-based interbank systems for real-time clearing and settlement has raised more than $60 million in Series B funding.
The round was led by Peak XV Partners with participation from Valor Capital Group and Jump Trading Group as new investors, and JP Morgan, Standard Chartered and Temasek.
The company intends to use the funds to drive the development of new capabilities, such as intraday FX swaps, cross-currency repos, programmable corporate liquidity management and just-in-time multi-bank payments.
Led by CEO Humphrey Valenbreder, Partior is a blockchain-based fintech for clearing and settlement. Founded in 2021, it is addressing operational inefficiencies faced by industry players, including settlement delays, limited transaction transparency, and high operating costs, and facilitating the movement of liquidity for financial institutions and their customers. Its network offers real-time, cross-border multi-currency payments and Payments versus Payments (PvP) settlement. It is also exploring new services including intraday swaps, Delivery versus Payments (DvP) settlement, and enterprise solutions.
The investment will support the growth of Partior’s international network and the integration of additional currencies, including AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR and SAR, into its network. Partior is currently operating with USD, EUR and SGD.
PMIFinancial
07/15/2024