Partior eyes wider market reach after US60m+ funding

The startup is fast-tracking the development of new products, such as intraday FX swaps.

Partior announced the first close of a US$60M+ Series B round led by Peak XV Partners and supported by Valor Capital Group and Jump Trading Group as new investors, and J.P. Morgan, Standard Chartered, and Temasek as existing shareholders.

“The involvement of Peak XV, Jump Trading Group, and Valor Capital Group enhances our reach and influence in key markets,” Partior CEO Humphrey Valenbreder told Singapore Business Review.

The trio would complement the global presence already established by the Singapore-based startup’s existing investors, he pointed out.

Partior, backed by industry giants DBS, J.P. Morgan, Standard Chartered, and Temasek, offers a unified ledger technology driven by decentralised finance principles that gives corporates instant liquidity, minimises counterparty risks, and eliminates the need for reconciliation.

The global cross-border payment market faces growing challenges due to rising complexity and costs. Large sums moving across different currencies and countries often lead to operational inefficiencies, including delays, settlement risks, and liquidity uncertainties.

Valenbreder noted that despite slow market conditions, the successful first close of their rolling Series B funding round “highlights our ability to navigate and overcome economic headwinds.” 

“The proceeds will accelerate the development of new capabilities, such as intraday FX swaps, programmable enterprise liquidity management, and just-in-time multi-bank payments,” he added.

He said Partior’s platform streamlines the settlement process, eliminating disunified messaging, intermediaries, and extensive reconciliation procedures that often lead to delays.

Companies including Siemens and iFAST Financial have used Partior’s platform for better access and control of their working capital, 24/7 availability, and faster, more seamless payment flows.

Partior allows banks to facilitate 24/7 clearing and settlement of real-time multi-currency transactions with its unified ledger, whilst its decentralised FX payment-versus-payment (PvP) solution removes settlement risks and enhances liquidity management for currency trading.

These solutions are seamlessly integrated with legacy systems to ensure they operate across payment networks and financial institutions worldwide.

“This approach simplifies the traditionally complex process of international payments, involving intermediaries and opaque settlement procedures,” Valenbreder said.

Partior functions as a “network of networks,” letting customer banks connect to its network of partners through multi-bank settlement capabilities.

“We facilitate both direct and indirect settlement flows for real-time settlement finality that is both instant and transparent,” Valenbreder said.

He said the startup’s 24x7 blockchain network operates with real-time local currency payment and real-time gross settlement systems globally, and allows both direct and indirect settlement flows with market players.

Valenbreder said the latest funding round would support Partior’s international network growth and the integration of more currencies.

He said they now offer live global settlements in three of the world’s most traded currencies — the US dollar, Singapore dollar and euro. “We are focused on expanding our geographical reach and network by integrating additional currencies on the Partior platform,” he added.

Whilst its technology is already transforming payments, the startup is poised for further innovation, as cross-border transactions increasingly shape global economies.