Deutsche Bank has contributed to Partior’s Series B funding round as a strategic investor, increasing the total investment to $80m. Partior is a blockchain-based fintech for real-time clearing and settlement.
Following the initial close led by Peak XV Partners in July 2024, which included participation from JPMorgan, Jump Trading Group, Standard Chartered, Temasek, and Valor Capital Group, this is the close of the second round of Partior’s Series B funding.
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With the help of Deutsche Bank, Singapore-based Partior will expand its cross-border capabilities, expand its worldwide reach, and create and improve innovative tools including Just-in-Time multi-bank transfers and intraday FX swaps.
Partior was founded in 2021 and is supported by DBS Bank, JPMorgan, Standard Chartered, Temasek, and Peak XV.
It facilitates atomic clearing and settlement in real-time, offering instant liquidity and transparency, improving security, and resolving issues that are frequently related to sequential processing in legacy payment systems.
Moreover, Deutsche Bank intends to become part of the Partior platform as a Euro and US dollar settlement bank, underscoring its commitment to providing its customers with immediate, secure, and flexible settlement solutions.
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By GlobalDataThis builds on Deutsche Bank’s recent debut of dbX, a next-generation correspondent banking ecosystem aimed at optimising and boosting its financial institution client services.
Patricia Sullivan, Global Head Institutional Cash Management, Deutsche Bank stated: “The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency. Deutsche Bank, as the largest EUR clearer, is excited to be a leader in this revolution and harness cutting-edge technology to enhance the speed, transparency, and security of payments expected by clients and peers alike.”
Humphrey Valenbreder, Chief Executive Officer of Partior added: “Deutsche Bank’s investment and collaboration are a powerful validation of our vision to transform global financial infrastructure. With their support, we will accelerate our mission to deliver seamless, secure, and instant cross-border transactions for financial institutions worldwide. We are also proud to announce that we have now processed over $1bn in value worth of transactions, marking a significant milestone in our journey and the growing industry belief in our platform.”
Partior’s blockchain-based network simplifies the clearing and settlement process for global financial market participants, eliminating intermediaries and integrating with real-time local currency payment and RTGS systems, allowing direct and indirect settlement flows.
Partior’s platform presently supports USD, EUR, and SGD, with plans to include AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR. It is actively developing its network in the Americas, EMEA, and Asia, partnering with premier banks, central banks, and fintech companies to accelerate acceptance of its unique solutions.
