Temasek-backed blockchain FinTech firm Partior welcomes Deutsche Bank as strategic investor
Deutsche Bank has become a strategic investor in Partior’s Series B funding round, increasing the total investment to $80 million. Partior is a blockchain-based fintech company based in Singapore that facilitates real-time clearing and settlement.
According to a statement from the company, this closes the second round of Partior’s Series B funding. It follows the first close, which was led by Peak XV Partners in July 2024 and included participation from J.P. Morgan, Jump Trading Group, Standard Chartered, Temasek, and Valor Capital Group.
Singapore-based Partior will expand its cross-border capabilities and expand its global reach with Deutsche Bank’s investment. Additionally, it will develop and improve cutting-edge features like Just-in-Time multi-bank payments and intraday FX swaps.
Partior was founded in 2021 and is supported by DBS Bank, J.P. Morgan, Standard Chartered, Temasek, and Peak XV. It facilitates atomic clearing and settlement in real-time, offering instant liquidity and transparency, improving security, and resolving issues that are frequently related to sequential processing in legacy payment systems.
In order to further demonstrate its dedication to providing its clients with scalable, secure, and real-time settlement solutions, Deutsche Bank plans to join the Partior platform as a Euro and US dollar settlement bank.
According to Partior, this also goes well with Deutsche Bank’s recent introduction of dbX, a next-generation correspondent banking ecosystem intended to enhance and broaden its financial institution client services.
“The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency. Deutsche Bank, as the largest EUR clearer, is excited to be a leader in this revolution and harness cutting-edge technology to enhance the speed, transparency, and security of payments expected by clients and peers alike,” said Patricia Sullivan, Global Head Institutional Cash Management, Deutsche Bank.
“Deutsche Bank’s investment and collaboration are a powerful validation of our vision to transform global financial infrastructure.” said Humphrey Valenbreder, Chief Executive Officer of Partior. “With their support, we will accelerate our mission to deliver seamless, secure, and instant cross-border transactions for financial institutions worldwide. We are also proud to announce that we have now processed over $1 billion in value worth of transactions, marking a significant milestone in our journey and the growing industry belief in our platform.”
Long-standing industry inefficiencies, such as settlement delays, a lack of transparency, and high operating costs, are addressed by Partior’s blockchain-based network.
Partior streamlines the clearing and settlement process for banks and payment service providers, as well as other global financial market participants, by eliminating the need for middlemen. Its round-the-clock blockchain network also supports both direct and indirect settlement flows with market participants and integrates with real-time local currency payment and RTGS systems worldwide.
With plans to incorporate more currencies like AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR, Partior’s platform presently supports USD, EUR, and SGD.
In order to promote the uptake of its cutting-edge solutions, it is actively growing its network throughout the Americas, EMEA, and Asia by working with top banks, central banks, and fintech businesses.
