Partior, a Singapore-based fintech company aiming to provide unified ledger-based interbank rails for real-time clearing and settlement, raised $60M+ 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 J.P. Morgan, Standard Chartered and Temasek.
The company intends to use the funds to enable the advancement of new capabilities like intraday FX swaps, cross-currency repos, programmable enterprise liquidity management, and just-in-time multi-bank payments.
Led by CEO Humphrey Valenbreder, Partior is a blockchain-based fintech company for clearing and settlement. Founded in 2021, it is addressing the operating inefficiencies experienced 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. Additionally, it is exploring new services including intra-day swaps, delivery versus payments (DvP) settlement and enterprise solutions.
The investment will support Partior’s international network growth and the integration of additional currencies, including AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR, into its network. Partior is currently live with USD, EUR and SGD.
FinSMEs
15/07/2024