Partior secures USD 80 million in Series B funding with Deutsche Bank investment to revolutionize blockchain-based cross-border payments.
Partior, a blockchain-based fintech focused on real-time clearing and settlement, has announced Deutsche Bank as a new investor in its Series B round. This brings Partior’s total Series B funding to USD 80 million. The first close of the round, led by Peak XV Partners in July 2024, also included participation from J.P. Morgan, Standard Chartered, Jump Trading Group, Temasek, and Valor Capital Group.
Deutsche Bank’s investment will make Partior more global and scale up cross-border operations. The funds will also finance new capabilities such as intraday FX swaps and just-in-time multi-bank payments. Moreover, Partior’s platform is already live with real-time liquidity and transparency, which directly solves problems such as settlement time and cost in legacy architecture.
Partior was started in 2021, and the company has received backing from institutions like DBS Bank, J.P. Morgan, and Standard Chartered. The most important advantage of this platform is that it provides clearing and real-time settlement in atomicity. This participation of Deutsche Bank makes Partior more confident in its position in the market. The bank intends to transact in USD and EUR on the Partior network to show it is serious about safe and real-time settlement.
Partior and Deutsche Bank Collaborate to Enhance Blockchain Payments
Deutsche Bank investment is timely given that it comes shortly after the bank unveiled their new generation correspondent banking solution known as dbX. Patricia Sullivan, Deutsche Bank’s Global Head of Institutional Cash Management noted the continued role of the bank in driving payments innovation forward. She mentioned that the bank is working towards enhancing the speed, security, and convenience of the payments to satisfy the clients.
Humphrey Valenbreder, the CEO of Partior, said that he was looking forward to the partnership. He says that Deutsche Bank’s participation is a confirmation of Partior’s mission to revolutionize the world’s financial infrastructure. Valenbreder also said that Partior has done more than a billion U.S dollars in its transactions. Partior is thus planning to improve cross-border payment efficiency with the help of Deutsche Bank and other investors.
It is found that through its blockchain platform, Partior solves some of the major problems faced by the financial industry, including settlement time, transparency, and operating costs. Therefore, the platform optimizes clearing and settlement for banks and payment providers by eliminating intermediaries.
Finally, the investment from Deutsche Bank helps Partior to transform the global payment system. Together, their expertise positions Partior to lead the future of secure, transparent, and efficient cross-border financial transactions. This collaboration marks a major step in blockchain’s potential to transform the global financial system.
