Blockchain-powered Clearing And Settlement Fintech Partior Raises More Than $60m In Series B Funding

Funding:
- Partior, a Singapore-based fintech start-up, secured over $60 million in a Series B funding round.
- The round was led by Peak XV Partners (formerly Sequoia Capital India & SEA).
- New backers included Valor Capital Group and Jump Trading Group.
- Existing shareholders JP Morgan, Standard Chartered, and Temasek also participated.
Company Background:
- Partior is a joint venture between JP Morgan, DBS Bank, and Singapore government-owned investment firm Temasek.
- Founded in 2021.
Technology and Platform:
- Partior has developed a “global unified ledger” based on blockchain technology.
- The platform facilitates real-time, cross-border, multi-currency clearing and settlement.
- Interoperates with real-time local currency payment and RTGS systems globally.
- Enables direct and indirect settlement flows between companies.
- Provides real-time settlement finality, instant liquidity, and transparency.
Current Use:
- The platform is used by major banks in London, New York, Singapore, Frankfurt, and Hong Kong.
- Founding companies DBS and JP Morgan, as well as Standard Chartered, are among the users.
- Standard Chartered became a founding shareholder in 2022 and serves as the first euro settlement bank for the platform.
Future Plans:
- The new funding will be used to support additional currencies.
- Further development of new platform capabilities, including cross-currency repos, intraday FX swaps, and programmable enterprise liquidity management.