Fiat currencies
Crypto Currencies
No results for ""
We couldn't find anything matching your search.Try again with a different term.
Partior - Extended Series B
Overview
Funding Date
November 27, 2024
Financing amount
$20M
Valuation
--
Catagory
About Partior - Extended Series B
Partior, the blockchain-based fintech for real-time clearing and settlement, is pleased to announce that Deutsche Bank has joined its Series B funding round as a strategic investor, bringing the total investment to USD 80 million.
This marks the close of the second round in Partior's Series B funding and comes on the heels of the first close led by Peak XV Partners in July 2024 with participation from J.P. Morgan, Jump Trading Group, Standard Chartered, Temasek and Valor Capital Group. With Deutsche Bank's investment, Singapore-based Partior will further bolster its global reach and scale its cross-border capability, as well as develop and enhance innovative functions like Intraday FX swaps and Just-in-Time multi-bank payments.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | Germany | 1870 | 5 | -- |
Founders & Team
Humphrey Valenbreder
Company Profile / Project Introduction
Partior, an independent company, is the blockchain platform for payments clearing and settlement that grew from the Project Ubin collaboration, and founded by J.P. Morgan, DBS and Temasek, with the backing of MAS, to achieve end-to-end atomic settlements in multiple currencies, and replace the sequential approach to payments settlement. The platform aims to make digital clearing and settlement more efficient, reliable and secure for financial institutions worldwide by leveraging the key benefits of programmability, immutability and traceability, inherent features of blockchain and distributed ledgers, and aims to address multi-currency and cross-border payments pain points.
The Singapore startup is developing a blockchain-based interbank payment network and is on track to support eight currencies USD, SGD, GBP, EUR, AUD, JPY, CNH and HKD.