Blockchain
Blockchain firm Partior raises $60 million in Series B funding
Partior, a Singapore-based blockchain transaction 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, in addition to 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 faster and easier for trade and foreign exchange transactions.
Using blockchain technology, Partior enables banks and payment service providers to clear and settle multi-currency transactions in real time.
Second DividerThis 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 multi-bank payments. It will also support the company’s international expansion by adding more currencies to its system.
Shailendra Singh, Managing Director of Peak XV Partners, commented on the investment: “Partior is a hugely ambitious attempt to transform the way money is moved and settled globally between banks. It is a unique approach where multiple banks have come together to catalyze change in this space.”
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, which already supports USD, EUR and SGD.
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