As an experienced financial analyst, I am particularly intrigued by Partior’s recent successful Series B funding round, which raised a significant $60 million. With my background in fintech and blockchain technology, I see great potential in this Singapore-based firm that aims to revolutionize cross-border payments and foreign exchange settlements.
Singaporian fintech company and blockchain settlement network, Partior, has successfully completed a $60 million Series B investment round.
On the 12th of July, Peak XV Partners took the lead in a funding round, which also drew investment from Valor Capital Group and Jump Trading Group. Additionally, DBS, JP Morgan, Standard Chartered, and Temasek, who were previously investors, also contributed to the round.
In 2021, Partior was established by JP Morgan, DBS, and Temasek with the mission to streamline cross-border payments and simplify foreign exchange settlements for trade transactions.
As a researcher studying financial technologies, I can explain that Partior’s unique feature lies in its implementation of blockchain technology. This enables institutions like banks and payment service providers to execute cross-currency transactions on a real-time basis for clearing and settling.
As a crypto investor using Partior’s platform, I’m excited about the recent funding announcement. This financial boost will enable Partior to significantly upgrade its global unified ledger. New features like intraday FX swaps, cross-currency repos, programmable enterprise liquidity management, and just-in-time multi-bank payments are on the horizon. Plus, the expansion into new international markets will add more currencies to the system, broadening its reach and enhancing my investment experience.
Shailendra Singh, the Managing Director at Peak XV Partners, expressed his perspective on the investment by stating, “Partior represents a highly ambitious endeavor aimed at revolutionizing international money transfers and settlements among banks. This is an innovative strategy where several banks have collaborated to drive change within this sector.”
Partior intends to broaden its currency selection with this financial aid, incorporating AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR into its platform in addition to USD, EUR, and SGD.
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2024-07-14 00:20