Blockchain Settlement Innovator Partior Secures $60M in Series B Funding
Partior, a Singapore-based fintech company specializing in blockchain-powered payment clearing and settlement, has successfully closed the first part of its Series B funding round, raising over $60 million. The round was led by Peak XV Partners (formerly Sequoia Capital India & SEA), with participation from new investors Valor Capital Group and Jump Trading Group. Existing shareholders JPMorgan, Standard Chartered, and Temasek also contributed to the funding.
Founded in 2021 as part of Singapore’s Project Ubin, Partior aims to revolutionize cross-border payments and settlements using distributed ledger technology (DLT). The company’s unified ledger enables real-time, 24/7 clearing and settlement across multiple currencies, addressing inefficiencies in traditional correspondent banking systems.
Partior’s CEO, Humphrey Valenbreder, stated, “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.”
The fresh capital will be used to develop new capabilities, including intraday FX swaps, cross-currency repos, programmable enterprise liquidity management, and just-in-time multi-bank payments. Additionally, Partior plans to expand its international network and integrate additional currencies beyond its current offerings of USD, EUR, and SGD.
Shailendra Singh, Managing Director at Peak XV, commented on the investment, saying, “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 catalyze change in this industry.”
Several major financial institutions, including DBS, JPMorgan, and Standard Chartered, are already utilizing Partior’s network to facilitate payments for their customers. The platform has also attracted corporate clients such as Siemens and iFAST Financial, who benefit from improved access and control over their working capital.
Dan Schulman, Managing Partner at Valor Capital Group and former PayPal CEO, emphasized the importance of modernizing cross-border payments infrastructure, stating, “Their platform’s capability to streamline cross-border payments and FX settlement introduces new standards for global, real-time clearing and settlement.”
As Partior continues to grow and innovate, it positions itself as a key player in the evolving landscape of global financial infrastructure, leveraging blockchain technology to address longstanding challenges in international payments and settlements.
