Partior is a fintech startup that offers a platform that allows real-time and secure transactions involving global commercial deposits and securities. The startup secured $60 million from Peak XV partners in its Series B funding round. The funding round saw participation from new and existing investors including Valar Capital and Jump Trading. The startup plans to use these fresh proceeds to scale its operations, expand into the international market, enhance its platform, and integrate more currencies.
The company aims to develop new services including cross-currency repos, intraday FX swaps, and enterprise liquidity management. The CEO of Partior, Humphery Valenbreder mentioned that the startup is rewriting rules for cross-border clearing and settlement. The company aims to create secure blockchain-based frictionless cross-border transactions. The platform currently works with limited currencies including the US Dollar, Euro, and Singapore Dollars however, it plans to expand access using this investment. The company intends to strengthen its market presence while reaching more people globally. The managing director of Peak XV partners, Shailendra Singh mentioned that the startup is extremely focused on its attempt to transform global money transfer among banks.
This Singapore startup aims to develop a unified interbank payment system with immediate settlement and clearing. The company is a joint venture between JP Morgan, Temasek, DBS, and Standard Chartered. Partior enables financial market participations, banks, and other payment service providers to join its platform and access cross-border, and real-time multi-currency transactions and settlement. Partior is used by financial service providers across the globe including New York, London, Hong Kong, and Frankfurt. The investment shows the trust of Peak XV in the Partior’s market potential and business model.
The platform leverages advanced technologies, and the blockchain network of the firm can operate with real-time local currency payment and real-time gross settlement systems globally by maintaining both direct and indirect settlement flow with companies. The startup follows a unique approach that sets it apart from other applications. The startup aims to make financial services easy, accessible, and transparent to all. This fintech startup uses a technology-driven and blockchain approach to offer its services in the financial marketplace. The development came just after the financial sector showed increased interest from investors.
Conclusion:
Partior is a fintech startup based in Singapore that secured $60 million in its series B funding round from Peak XV partners with the participation of Valar Capital and Jump Trading. The company intends to use this fresh capital to enhance its platform, scale its operations, expand into the international market, and integrate more currencies. The company aims to develop new services including cross currency repos, intraday FX swaps, and secure blockchain-based frictionless cross-border transactions. The startup plans to expand its network globally and make its platform accessible to more currencies. The firm currently operates in limited currencies including the US dollar, Singapore Dollars, and Euro. The company offers a platform that provides real-time clearing and settlement of its transactions.
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