Temasek-backed Partior raises over $60m in series B funding

The funding will support Partior’s international network growth and help integrate additional currencies into its network. / Photo credit: Pixabay

Fintech company Partior raised more than US$60 million in a series B funding round led by Peak XV Partners, formerly known as Sequoia Capital India and Southeast Asia.

The round was also supported by Valor Capital Group and Jump Trading Group as new investors, as well as JPMorgan, Standard Chartered, and Temasek as existing shareholders, Partior said in a statement.

DBS, JPMorgan, and Standard Chartered use Partior to facilitate payments for customers. Other clients include companies such as Siemens and iFast Financial, which use Partior’s platform through Standard Chartered.

The latest round of investment will help build new capabilities, Partior said. These include intraday foreign exchange swaps, cross-currency repurchase agreements, a programmable enterprise liquidity manager, and “just-in-time” multibank payments.

The funding will also support Partior’s international network growth and help integrate additional currencies into its network, which currently includes the US dollar, euro, and the Singapore dollar.

Founded in 2021, Partior is a blockchain-based fintech that resulted from the Project Ubin collaboration backed by the Monetary Authority of Singapore. Its founding shareholders include DBS, JPMorgan, Standard Chartered, and Temasek.

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