- Partior raises $60M in Series B.
- Funds will expand services and global reach.
- Singapore-born fintech aims to revolutionize international payments.
Partior, a blockchain-based fintech company, has successfully raised over $60 million in its Series B funding round.
The investment was spearheaded by Peak XV Partners, with new backers Valor Capital Group and Jump Trading Group joining the fray.
Existing shareholders JPMorgan, Standard Chartered, and Temasek also reaffirmed their support in this funding round.
Cash infusion fuels fintech fever
The fresh capital injection will fuel Partior’s ambitious plans to enhance its service offerings. The company aims to introduce new features such as intraday foreign exchange swaps, cross-currency repurchase agreements, and a programmable enterprise liquidity manager.
Additionally, Partior intends to broaden its international network and integrate more currencies beyond its current roster of US dollar, euro, and Singapore dollar.
From Singapore sandbox to global playground
Launched in 2021, Partior emerged from the Project Ubin collaboration, an initiative backed by the Monetary Authority of Singapore.
The company has quickly gained traction, serving major financial institutions like DBS, JPMorgan, and Standard Chartered, who utilize Partior’s platform to facilitate customer payments.
With this substantial funding boost, Partior is poised to make significant strides in reshaping the landscape of global financial transactions.
To read the original article: https://www.techinasia.com/temasekbacked-partior-raises-60m-series-funding
