Blockchain payments company Partior has added Deutsche Bank as an investor in its Series B round, bringing total funding to $80 million.
Deutsche Bank has joined Partior, a Singapore-based blockchain fintech startup, as a strategic investor, participating in the company’s $80 million Series B funding round.
This investment marks the second close of the round, which began in July 2024, led by Peak XV Partners with contributions from JP Morgan, Standard Chartered, Temasek, Jump Trading Group and Valor Capital Group, the company noted in a press release from November 27. release.
Although the amount of Deutsche Bank’s investment was not disclosed, the funds will be used to expand Partior’s global reach and develop new features, such as intraday FX swaps and just-in-time multi-bank payments. The German bank is also considering joining the Partior platform as a euro and US dollar settlement bank, although details remain unclear.
“Deutsche Bank, as the largest euro clearer, is excited to be a leader in this revolution and leverage cutting-edge technology to improve the speed, transparency and security of payments expected by customers and peers . »
Patricia Sullivan, Global Head of Institutional Cash Management, Deutsche Bank
Partior to expand fiduciary offerings with support from Deutsche Bank
Humphrey Valenbreder, CEO of Partior, welcomed the partnership, emphasizing that Deutsche Bank’s support accelerates the company’s mission to provide transparent, secure and instant cross-border transactions. To date, the platform has processed over $1 billion in transactions.
Founded in 2021 and backed by DBS Bank and JP Morgan, Partior specializes in blockchain-based real-time clearing and settlement solutions. The platform aims to simplify cross-border payments by enabling instant liquidity and correcting the inefficiencies of traditional payment systems.
Currently, Partior supports the US Dollar, Euro and Singapore Dollar, and plans to add the Japanese Yen, British Pound and Australian Dollar in the future.
