Partior, a fintech supported by several major banks, has successfully secured $60 million in Series B funding to enhance its global unified ledger-based system for real-time clearing and settlement among banks.
The funding round, which reached its first close, was spearheaded by Peak XV Partners and saw contributions from Valor Capital Group and Jump Trading Group. Founding shareholders JP Morgan, Standard Chartered, and Temasek also provided significant backing.
Partior originated from Project Ubin, a blockchain initiative for multi-currency payments developed by the Monetary Authority of Singapore in collaboration with JPMorgan and Temasek. The platform’s unified ledger allows global banks and payment service providers to connect to its network, enabling real-time clearing and settlement across borders and in multiple currencies. Its blockchain network operates 24/7 and can integrate with local currency payment and real-time gross settlement (RTGS) systems worldwide.
JP Morgan, Standard Chartered, and founding investor DBS utilize Partior’s platform to enhance their payment offerings. Additionally, companies like Siemens and iFAST Financial have leveraged Partior’s services via Standard Chartered to improve their working capital access, ensure continuous availability, and streamline payment processes.
The new capital will be allocated towards advancing features such as intraday FX swaps, cross-currency repos, programmable liquidity management for enterprises, and just-in-time multi-bank payments. It will also facilitate the addition of new currencies, including AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR.
“Partior is breaking down silos and rewriting the rules for cross-border clearing and settlement. We envision a bright future for blockchain-enabled, frictionless transactions across borders. The backing from some of the world’s leading banks and investors further validates our vision,” said Humphrey Valenbreder, CEO of Partior.