Partior’s $60m fund raise paves way for frictionless cross-border payments

• Series B funding round led by Peak XV Partners, with participation from Valor Capital Group, Jump Trading Group, and existing shareholders JP Morgan, Standard Chartered, and Temasek
• Funds to be allocated to develop new capabilities, including intraday FX swaps, cross-currency repos, and programmable enterprise liquidity management, further strengthen Partior’s offerings.

Singapore-based Partior, a cross-border payments and settlement blockchain company, has successfully raised $60 million in its Series B funding round.

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

Partior, founded in 2021, is a joint venture between DBS, JP Morgan, and Standard Chartered, aimed at establishing unified interbank payment systems for immediate clearing and settlement.

The company’s innovative blockchain-based platform allows financial market participants, including banks and payment service providers, to access real-time, cross-border, multi-currency clearing and settlement services.

To develop new capabilities

The successful Series B funding round is a testament to Partior’s strong growth and the industry’s confidence in the company’s vision. The funds will be allocated to develop new capabilities, including intraday FX swaps, cross-currency repos, and programmable enterprise liquidity management, further strengthening Partior’s offerings.

Partior’s platform has already garnered significant traction, with companies such as Siemens and iFAST Financial utilising the service through Standard Chartered to improve their working capital management, benefit from 24/7 availability, and experience faster and more seamless payment flows.

“We see a very bright future for blockchain-based frictionless, cross-border transactions,” Humphrey Valenbreder, Chief Executive Officer of Partior, said.

 “Having some of the world’s best banks and investors back our vision validates this even further.”

Shailendra Singh, managing director of Peak XV, echoed this sentiment, stating, “Partior is an extremely ambitious attempt to transform global money transfer and settlement amongst banks. It’s a unique approach where multiple banks have come together to catalyse change in this industry.”

The investment will significantly support Partior’s international network growth and the integration of additional currencies.

Currently, the platform is live with USD, EUR, and SGD, and the company aims to expand its reach further.