Partior raised $80 million in Series B funding with Deutsche Bank participating as a strategic investor at the close of the second round.
The first close was led by Peak XV Partners in July 2024 with participation from JP Morgan, Jump Trading Group, Standard Chartered, Temasek and Valor Capital Group.
The Singapore-based blockchain-based fintech for real-time clearing and settlement will leverage Deutsche Bank’s expertise and network to further strengthen its global reach and expand its cross-border capability, as well as develop and improve functions innovative services such as intraday FX swaps and Just-On-Time multi-bank payments.
Deutsche Bank plans to join Partior as euro and US dollar settlement bank
Founded in 2021, Partior is backed by DBS Bank, JP Morgan, Standard Chartered, Temasek and Peak XV. The platform offers real-time atomic clearing and settlement, providing instant liquidity, transparency, enhanced security and solutions to challenges in existing payment systems such as sequential processing.
Deutsche Bank plans to join Partior as a Euro and US dollar settlement bank, reflecting its commitment to providing real-time, secure and scalable settlement solutions to its clients. The move aligns with Deutsche Bank’s recent launch of dbX, a next-generation correspondent banking ecosystem aimed at improving services for financial institution customers.
Partior’s blockchain-based network addresses industry inefficiencies, including settlement delays, lack of transparency, and high operating costs. By eliminating intermediaries, it simplifies clearing and settlement for banks and payment service providers. Its 24/7 blockchain network interacts with real-time local currency payment systems and RTGS, enabling direct and indirect settlement flows globally.
Currently supporting USD, EUR and SGD, Partior plans to add AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR and HRH. It is expanding its reach across the Americas, EMEA and Asia through partnerships with leading banks, central banks and fintechs to accelerate the adoption of its solutions.
Deutsche Bank is the largest euro clearer
Patricia Sullivan, global head of institutional treasury management at Deutsche Bank, said: “The payments industry is currently going through a prolonged period of disruption, primarily due to rapid advances in technology and the desire for greater financial inclusion and transparency. Deutsche Bank, as the largest euro clearer, is excited to be a leader in this revolution and leverage cutting-edge technology to improve the speed, transparency and security of payments expected by customers and peers.
Humphrey Valenbreder, Chairman and CEO of Partior, commented: “Deutsche Bank’s investment and collaboration is a powerful validation of our vision to transform the global financial infrastructure. With their support, we will accelerate our mission of providing seamless, secure and instant cross-border transactions to financial institutions around the world. We are also proud to announce that we have now processed over $1 billion in transactions, marking a significant milestone in our journey and the industry’s growing confidence in our platform.
