In a series B Funding round headed by Peak XV Partners—previously known as Sequoia Capital India and Southeast Asia—fintech startup Partior earned more than US$60 million.
According to a statement from Company, the round was additionally backed by new investors Valour Capital Group and Jump Trading Group in addition to current shareholders Temasek, JPMorgan, and Standard Chartered.
Partior is a payment platform used by DBS, JPMorgan, and Standard Chartered. Siemens and iFast Financial are among the other businesses that use company’s platform via Standard Chartered.
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The most recent round of funding will aid in the development of new skills. These consist of “just-in-time” multibank payments, programmable enterprise liquidity managers, cross-currency repurchase agreements, and intraday foreign exchange swaps.
Along with helping incorporate new currencies into Partior’s network, which already comprises the US dollar, euro, and Singapore dollar, the financing will also promote the expansion of company international network.
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It is a blockchain-based fintech company that was founded in 2021 as a result of the Project Ubin partnership, which was supported by the Monetary Authority of Singapore. Standard Chartered, Temasek, JPMorgan, and DBS are among its original stockholders.
About Partior
Partior, the worldwide infrastructure for clearing and settlement on unified ledger markets, is revolutionising the global money transfer process by streamlining the acquisition of liquidity
