Partior secures another giant, Deutsche Bank, onto its $80M Series B funding round to drive global scale and blockchain payment innovations of the company.
Deutsche Bank Becomes Partior’s Series B Funder
Singapore-based blockchain fintech startup Partior has onboarded Deutsche Bank as a strategic investor in its $80 million Series B funding round. The funding round, which started in July 2024, was joined by Peak XV Partners, J.P. Morgan, Standard Chartered, Temasek, Jump Trading Group, and Valor Capital Group.
Though it did not disclose the exact amount invested, the funding will go toward the company’s expansion as it rolls out advanced functionality, including intraday FX swaps and just-in-time multi-bank payments. Deutsche Bank intends to join the Partior platform as a Euro and U.S. dollar settlement bank to further beef up the capability of the platform.
Innovating Cross-Border Payments
Partior CEO Humphrey Valenbreder highlighted that the partnership with Deutsche Bank accelerates the company’s mission to deliver seamless and secure cross-border transactions. The platform leverages blockchain technology to address inefficiencies in traditional payment systems, providing real-time clearing and settlement solutions. To date, Partior has processed over $1 billion in transactions, underscoring its operational success and market demand.
Patricia Sullivan, Deutsche Bank’s global head of institutional cash management, pointed out that leveraging new technologies was critical to be able to cater to client needs for faster, more transparent, and secure payments. “Deutsche Bank, as the largest EUR clearer, is excited to be a leader in this revolution.”
Partior Expands Fiat Currency Support
Founded in 2021 with the backing of DBS Bank and J.P. Morgan, Partior has its focus on blockchain-powered solutions for cross-border payments. Currently, it provides for the U.S. dollar, euro, and Singapore dollar, while plans are in place to add the Japanese yen, British pound, and Australian dollar soon.
With the further development of fiat currency capabilities, Partior will seek greater efficiency in cross-border transactions that are in real-time, with less friction in international trade. The recent funding and strategic partnership with Deutsche Bank will further lay the ground for solidifying its pioneering position in blockchain payment systems.
