Partior raises $60m+ in Series B round led by Peak XV Partners

By Gloria Mathias

Partior, a FinTech company with global unified ledger-based interbank rails, has announced the first close of a $60 million+ Series B round led by Peak XV Partners and supported by Valor Capital Group and Jump Trading Group as new investors.

This new round of funding will enable the advancement of new capabilities like intraday FX swaps, cross-currency repos, programmable enterprise liquidity management, and just-in-time multi-bank payments. The investment will significantly 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.

With continued support from its founding shareholders, DBS, J.P. Morgan, Standard Chartered and Temasek, Partior’s commitment to enhancing current financial market infrastructure and improving financial connectivity worldwide.

Partior’s global unified ledger enables global financial market participants, including banks and payment service providers, to join its network and access real-time, cross-border, multi-currency clearing and settlement. Its 24×7 blockchain network can interoperate with real-time local currency payment and RTGS systems globally and facilitates both direct and indirect settlement flows with market players. Partior’s shared ledger also enables transfers with real-time settlement finality, which offers instant liquidity and transparency and overcomes shortcomings associated with sequential processing in legacy payment systems.

“Partior is breaking down silos and rewriting the rules for cross-border clearing and settlement. We see a very bright future for blockchain-based, frictionless, cross-border transactions. Having some of the world’s best banks and investors back our vision validates this even further,” said Humphrey Valenbreder, CEO of Partior.

“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. We couldn’t be more excited to join DBS, J.P. Morgan, Standard Chartered and Temasek as co-shareholders in this journey,” said Shailendra Singh, Managing Director, Peak XV.