[Funding News] Partior Secures $60 Mn Series B Funding Round from Peak XV, others

blockchain-based financial technology Peak XV Partners led a Series B financing transaction in which Partior secured nearly $60 million.

With the help of the funds, the Singapore-based company would be able to develop new features like just-in-time multi-bank payments, programmable enterprise liquidity management, intraday FX swaps, and cross-currency repos. Additionally, it will facilitate the expansion of global networks and the inclusion of new currencies.

Participating in the round were both current shareholders Temasek, JP Morgan, and Standard Chartered as well as new investors Valour Capital Group and Jump Trading Group.

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In addition to helping financial institutions and their clients move liquidity, the company works to address industry inefficiencies like excessive operational costs, transaction delays, and settlement delays.

Partior is a product of Project Ubin, an initiative that brought together the financial services sector and the Monetary Authority of Singapore. It facilitates cross-border payments and settlements.

Shailendra Singh, Managing Director, Peak XV, said: “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 catalyse change in this industry,”

About Partior

Founded in 2021, Partior, the global unified ledger market infrastructure for clearing and settlement, is redefining the way money moves globally by optimising how liquidity is accessed.

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