Blockchain company Partior secures $60 million in Series B funding

Partior, a Singapore-based blockchain settlement network and fintech company, has successfully closed a $60 million Series B funding round.

The funding round, announced on July 12, was led by Peak XV Partners with participation from Valor Capital Group and Jump Trading Group, as well as existing backers DBS, JP Morgan, Standard Chartered and Temasek.

Partior was founded in 2021 by JP Morgan, DBS and Temasek to make cross-border payments for trade transactions and foreign exchange settlements faster and easier.

By using its blockchain technology, Partior enables banks and payment service providers to process and settle transactions in multiple currencies in real time.

According to Partior, this new funding will help Partior enhance its global unified ledger by introducing new features such as intraday FX swaps, cross-currency repos, programmable corporate liquidity management, and just-in-time payments between multiple banks. In addition, it will also support the company’s international expansion by adding more currencies to its system.

Commenting on the investment, Shailendra Singh, Managing Director at Peak XV Partners, said: “Partior is a hugely ambitious attempt to transform global money transfer and settlement between banks. It is a unique approach where multiple banks have come together to drive change in this industry.”

With this funding, Partior plans to expand its currency offering by adding AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR and SAR to its network that already supports USD, EUR and SGD.

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