Breaking News: Fintech Firm Partior Secures $60 Million in Funding Led by Peak XV Partners

Singapore-based fintech Partior, a leading blockchain technology provider for payments clearing and settlement, has secured $60 million in its Series B funding round led by Peak XV Partners.

New investors Valor Capital Group and Jump Trading Group joined the round, while existing stakeholders JP Morgan, Standard Chartered, and Temasek also participated.

The funding will be used to develop new features like intraday FX swaps, cross-currency repos, programmable enterprise liquidity management, and multi-bank payments.

This investment will support the expansion of Partior’s international network and the integration of additional currencies.

Founded in 2021, Partior emerged from the Project Ubin collaboration backed by the Monetary Authority of Singapore. The network offers real-time, cross-border multi-currency payments and Payments versus Payments (PvP) settlement.

Founding shareholders DBS, JP Morgan, and Standard Chartered use Partior to facilitate payments for their customers.

“Partior is an ambitious initiative to transform global money transfer and settlement among banks. This unique approach, with multiple banks collaborating, is set to catalyze change in the industry,” said Shailendra Singh, Managing Director of Peak XV.

In 2022, Partior established a development center in Hyderabad to scale its technology across global markets.

“Partior is dismantling silos and rewriting the rules for cross-border clearing and settlement. We envision a bright future for blockchain-based, frictionless, cross-border transactions. Having some of the world’s leading banks and investors backing our vision further validates our mission,” said Humphrey Valenbreder, CEO of Partior.