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The latest round of investment will help build new capabilities including intraday foreign exchange swaps, cross-currency repurchase agreements, a programmable enterprise liquidity manager and multi-bank payments
FINTECH company Partior raised more than US$60 million in Series B funding in a round led by Peak XV Partners, formerly known as Sequoia Capital India & SEA.
The round was also supported by Valor Capital Group and Jump Trading Group as new investors, as well as JPMorgan, Standard Chartered and Temasek as existing shareholders, Partior said in a statement on Friday (Jul 12).
DBS, JPMorgan and Standard Chartered use Partior to facilitate payments for customers. Other users include companies such as Siemens and iFast Financial, which use Partior’s platform through Standard Chartered.
Partior said the latest round of investment will help build new capabilities for fintech. These include intraday foreign exchange swaps, cross-currency repurchase agreements, a programmable enterprise liquidity manager and “just-in-time” multi-bank payments.
The funding will also support Partior’s international network growth and help integrate additional currencies into its network, which currently includes the US dollar, euro and the Singapore dollar.
Founded in 2021, Partior is a blockchain-based fintech which resulted from the Project Ubin collaboration backed by the Monetary Authority of Singapore. Its founding shareholders include DBS, JPMorgan, Standard Chartered and Temasek.
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