Partior: Revolutionizing Global Money Transfer and Settlement
July 13, 2024, 3:35 am
Partior, a blockchain-based fintech firm, has secured over $60 million in Series B funding, led by Peak XV Partners. This funding will fuel the advancement of new capabilities and international network growth, transforming the global value movement in the financial industry.
Partior, a blockchain-based fintech firm, has recently made waves in the financial industry by securing a whopping $60 million in Series B funding. This funding round was led by Peak XV Partners, with contributions from Valor Capital Group and Jump Trading Group, along with existing shareholders like JP Morgan, Standard Chartered, and Temasek.
The primary goal of Partior is to revolutionize global money transfer and settlement processes among banks. By leveraging blockchain technology, Partior aims to address industry inefficiencies such as settlement delays, limited transaction transparency, and high operating costs. This innovative approach has garnered support from major banks in financial markets across the globe, including London, New York, Singapore, Frankfurt, and Hong Kong.
Founded in 2021, Partior emerged from Project Ubin—a collaboration between the Monetary Authority of Singapore and the financial services industry. This collaboration laid the foundation for Partior to enable cross-border payments and settlements, providing a seamless and efficient platform for financial institutions and their customers.
The recent Series B funding will enable Partior to advance its capabilities in intraday FX swaps, cross-currency repos, programmable enterprise liquidity management, and just-in-time multi-bank payments. Additionally, the funding will support the integration of additional currencies, such as AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR, into its network.
Partior's global unified ledger technology has been pivotal in addressing existing industry challenges and has the potential to redefine how transactions are processed globally. This innovative approach has garnered praise from industry experts, with Shailendra Singh, Managing Director of Peak XV, highlighting Partior's ambitious attempt to catalyze change in the industry.
With major banks like DBS, JP Morgan, Standard Chartered, Siemens, and iFAST Financial already utilizing Partior's platform, the fintech firm is poised to make a significant impact on the global financial landscape. By streamlining correspondent banking processes and enabling streamlined pre-screening and atomic settlement, Partior is paving the way for enhanced customer verification and anti-money laundering procedures.
In conclusion, Partior's recent funding milestone marks a significant step towards transforming global money transfer and settlement processes. With the support of leading investors and industry partners, Partior is well-positioned to drive innovation and efficiency in the financial industry, ultimately reshaping the way transactions are processed and settled on a global scale.
Partior, a blockchain-based fintech firm, has recently made waves in the financial industry by securing a whopping $60 million in Series B funding. This funding round was led by Peak XV Partners, with contributions from Valor Capital Group and Jump Trading Group, along with existing shareholders like JP Morgan, Standard Chartered, and Temasek.
The primary goal of Partior is to revolutionize global money transfer and settlement processes among banks. By leveraging blockchain technology, Partior aims to address industry inefficiencies such as settlement delays, limited transaction transparency, and high operating costs. This innovative approach has garnered support from major banks in financial markets across the globe, including London, New York, Singapore, Frankfurt, and Hong Kong.
Founded in 2021, Partior emerged from Project Ubin—a collaboration between the Monetary Authority of Singapore and the financial services industry. This collaboration laid the foundation for Partior to enable cross-border payments and settlements, providing a seamless and efficient platform for financial institutions and their customers.
The recent Series B funding will enable Partior to advance its capabilities in intraday FX swaps, cross-currency repos, programmable enterprise liquidity management, and just-in-time multi-bank payments. Additionally, the funding will support the integration of additional currencies, such as AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR, into its network.
Partior's global unified ledger technology has been pivotal in addressing existing industry challenges and has the potential to redefine how transactions are processed globally. This innovative approach has garnered praise from industry experts, with Shailendra Singh, Managing Director of Peak XV, highlighting Partior's ambitious attempt to catalyze change in the industry.
With major banks like DBS, JP Morgan, Standard Chartered, Siemens, and iFAST Financial already utilizing Partior's platform, the fintech firm is poised to make a significant impact on the global financial landscape. By streamlining correspondent banking processes and enabling streamlined pre-screening and atomic settlement, Partior is paving the way for enhanced customer verification and anti-money laundering procedures.
In conclusion, Partior's recent funding milestone marks a significant step towards transforming global money transfer and settlement processes. With the support of leading investors and industry partners, Partior is well-positioned to drive innovation and efficiency in the financial industry, ultimately reshaping the way transactions are processed and settled on a global scale.