Partior raises over $60 million in Series B funding

Partiora Singapore-based fintech company that aims to provide unified, ledger-based interbank rails for real-time clearing and settlement, has raised over $60 million in its second round of funding.

The round was led by Peak XV Partners, with participation from Valor Capital Group and Jump Trading Group as new investors, as well as JP Morgan, Standard Chartered and Temasek.

The company intends to use the funds to further develop new features, such as intraday foreign exchange swaps, cross-currency repos, programmable corporate liquidity management and just-in-time payments between multiple banks.

Led by CEO Humphrey Valenbreder, Partior is a blockchain-based clearing and settlement fintech company. Founded in 2021, the company addresses the operational inefficiencies faced by industry players, including settlement delays, limited transaction transparency, and high operational costs, and facilitates liquidity flow for financial institutions and their customers. Its network offers real-time, multi-currency cross-border payments and delivery versus payment (PvP) settlement. In addition, it is exploring new services such as intraday swaps, delivery versus payment (DvP) settlement, and enterprise solutions.

The investment will support Partior’s international network growth and the integration of additional currencies into its network, including AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR and SAR. Partior is currently live with USD, EUR and SGD.

FinSME

15.07.2024