Partior, a blockchain settlement network based in Singapore, raises $60 million in Series B funding to enhance its cross-border payment capabilities and expand currency offerings.
Points
- Partior raises $60 million in Series B funding.
- Funding led by Peak XV Partners with participation from Valor Capital Group and Jump Trading Group.
- Plans to expand currency offerings and enhance cross-border payment capabilities.
Partior, a Singapore-based blockchain settlement network, recently closed a $60 million Series B funding round. This round was led by Peak XV Partners, with contributions from Valor Capital Group, Jump Trading Group, and existing investors such as DBS, JP Morgan, Standard Chartered, and Temasek. Partior aims to streamline cross-border payments and foreign exchange settlements using blockchain technology.
Shailendra Singh, Managing Director at Peak XV Partners, praised Partior’s innovative approach to transforming global money transfer and settlement. With this new funding, Partior plans to expand its currency offerings, adding AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR to its network, which currently supports USD, EUR, and SGD.
Explanation
- Partior’s funding will enhance its blockchain technology for real-time cross-border payments.
- The addition of new currencies will broaden Partior’s market reach.
- The participation of prominent investors underscores confidence in Partior’s business model.