Blockchain Payment Network Partior Raises $60M in Series B Round

Partior, a blockchain-based payment network backed by major financial institutions such as JPMorgan, DBS, and Standard Chartered, has secured $60 million in Series B funding. The funding round was led by Peak XV Partners and saw participation from new investors Valor Capital Group and Jump Trading Group, as well as existing shareholders like Temasek. The capital injection will be used to expand Partior's capabilities, including intraday foreign-exchange swaps, cross-currency repurchases, programmable enterprise liquidity management, and just-in-time multi-bank payments.

The Singapore-based fintech firm aims to address industry inefficiencies such as settlement delays, limited transaction transparency, and high operating costs. Partior's platform offers real-time multi-currency payments and Payments versus Payments settlement, and the new funding will support the integration of additional currencies and the expansion of its international network. Founded in 2021, Partior evolved from the Project Ubin collaboration backed by the Monetary Authority of Singapore and has since facilitated billions of dollars in transactions through its Onyx network.