Partior, a blockchain settlement network and fintech services company supported by JP Morgan, Standard Chartered, and Temasek, has successfully raised $60 million in a series B funding round. This round, announced on July 12, was led by Peak XV Partners and included contributions from Valor Capital Group and Jump Trading Group, along with continued support from DBS, JP Morgan, Standard Chartered, and Temasek.
Series B Funding Details
The new funds will be used to enhance Partior’s global unified ledger, which provides real-time, cross-border, multi-currency clearing and settlement for banks and payment service providers. Partior’s blog post stated that the funding would help develop new capabilities like Intraday FX swaps, cross-currency repos, programmable enterprise liquidity management, and just-in-time multi-bank payments. The investment will also aid in expanding Partior’s international network and integrating additional currencies, such as AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR, to its current list of USD, EUR, and SGD.
About Partior
Founded in Singapore in 2021 by JP Morgan, DBS, and Temasek, Partior aims to reduce friction and delays in cross-border payments, trade transactions, and foreign exchange settlements. The recent funding round led by Peak XV Partners, which was formed from Sequoia Capital’s Indian and Southeast Asian arm, signifies a move to decentralize operations and focus on regional growth.
This significant investment underscores Partior’s commitment to advancing blockchain technology in financial services and expanding its capabilities to include more currencies and innovative financial solutions.
Summary Review: The successful $60 million series B funding round for Partior marks a significant step forward for the blockchain settlement network. This investment will support the development of advanced financial capabilities and the expansion of Partior’s international network. By integrating additional currencies and enhancing its global unified ledger, Partior is poised to reduce friction in cross-border payments and foreign exchange settlements. As blockchain technology continues to evolve, Partior’s growth reflects its pivotal role in transforming financial services for institutions worldwide.
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