Deutsche Bank Bolsters Partior’s Blockchain Payment Network with Strategic Investment
Deutsche Bank has joined Partior’s Series B funding round, injecting strategic capital into the blockchain-powered fintech and bringing the total investment to $80 million.
The investment, announced on November 27, 2024, marks the second close of Partior’s funding round, which initially kicked off in July with support from Peak XV Partners and other notable investors including J.P. Morgan, Jump Trading Group, Standard Chartered, Temasek, and Valor Capital Group.
Founded in 2021, Partior has rapidly emerged as a pioneering platform for real-time, cross-border financial transactions. The Singapore-based startup leverages blockchain technology to address long-standing inefficiencies in traditional payment systems, offering instant liquidity, enhanced transparency, and improved security.
Deutsche Bank’s participation goes beyond mere financial investment. The banking giant intends to become a settlement bank for euros and U.S. dollars on the Partior platform, signaling a robust commitment to innovative payment technologies. This move aligns with the bank’s recent launch of dbX, a next-generation correspondent banking ecosystem.
Patricia Sullivan, Global Head of Institutional Cash Management at Deutsche Bank, highlighted the transformative potential of the technology. “The payments business is undergoing extensive disruption due to technological advancements and the drive for greater financial inclusion,” she stated.
Partior CEO Humphrey Valenbreder viewed Deutsche Bank’s involvement as a powerful validation of the company’s vision. “With their support, we will accelerate our mission to deliver seamless, secure, and instant cross-border transactions,” Valenbreder said.
The platform currently supports transactions in U.S. dollars, euros, and Singapore dollars, with ambitious plans to integrate additional currencies including the Australian dollar, British pound, and Japanese yen. Notably, Partior has already processed over $1 billion in transactions, demonstrating growing industry confidence in its blockchain-powered approach.
By eliminating intermediaries and enabling 24/7 settlement capabilities, Partior is positioning itself at the forefront of a potential revolution in global financial infrastructure. The network’s ability to interoperate with real-time payment systems and facilitate direct and indirect settlement flows presents a compelling alternative to traditional, often slow and costly international transaction methods.
As financial institutions continue to explore blockchain and distributed ledger technologies, Partior’s growing ecosystem and strategic partnerships suggest a promising future for more efficient, transparent, and instant global financial transactions.
