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Partior, a fintech settlement firm, has raised $80 million in Series B funding. The fundraising involved Deutsche Bank participating as a strategic investor at the end of the second round. According to the report, the first close had<a href="https://thecoinrise.com/partior-secures-60-million-in-series-b-financing-round/" rel="noopener noreferrer nofollow"> Peak XV Partners leading, with JPMorgan</a> and four other entities participating. Jump Trading Group, Standard Chartered, Temasek, and Valor Capital Group.
<h2 id="b-partior-s-expanding-cross-border-settlement-capabilities-b">Partior’s Expanding Cross-Border Settlement Capabilities</h2>
With this fundraising done, the Singapore-based blockchain-powered fintech will utilize Deutsche Bank’s expertise and network to consolidate its global reach. It will also expand its cross-border capability while developing and strengthening innovative functions. Some of these include Intraday FX swaps and Just-in-Time multi-bank payments.
Partior, founded in 2021, has support from DBS Bank, Standard Chartered, Temasek,<a href="https://thecoinrise.com/mastercard-and-jpmorgan-to-boost-cross-border-payments-with-blockchain/" rel="noopener noreferrer nofollow"> JPMorgan</a>, and Peak XV. The fintech delivers real-time clearing and settlement and provides users instant liquidity, transparency, and enhanced security. It also provides solutions to challenges in legacy payment systems like sequential processing.
The plan is for <a href="https://thecoinrise.com/tether-slams-deutsche-bank-over-usdt-collapse-prediction/" rel="noopener noreferrer nofollow">Deutsche Bank</a> to join Partior as a Euro and U.S. dollar settlement bank. This reflects the bank’s commitment to providing its customers with secure, scalable settlement solutions. This move mirrors the recent launch of dbx by Deutsche Bank. dbx is a next-generation banking ecosystem targeted at improving services for financial institution clients.
<h2 id="b-partior-plans-additional-currency-services-b">Partior Plans Additional Currency Services</h2>
Some essential services that Partior’s blockchain-based network addresses include settlement delays, absence of transparency, industry inefficiencies, and high operating costs. The fintech simplifies clearing services and settlements for banks by eliminating intermediaries.
Partior operates a 24/7 network with real-time local currency payment and RTGS systems, which helps it carry out direct and indirect settlement flows globally. At present, it supports USD, EUR, and SGD. However, as part of its expansion across the Americas, EMEA, and Asia, it plans to add ED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR.
<h2 id="b-transforming-global-financial-infrastructure-b">Transforming Global Financial Infrastructure</h2>
Speaking on the collaboration with Partior, Patricia Sullivan, Global Head of Institutional Cash Management at Deutsche Bank, noted that the bank is willing to harness cutting-edge technology to enhance the speed, transparency, and security of payments expected by clients and peers alike.
Humphrey Valenbreder, CEO of Partior, assured that, with Deutsche Bank’s support, they would speed up their mission to deliver seamless, secure, and instant cross-border transactions for financial institutions worldwide.&nbsp;
The post <a href="https://thecoinrise.com/partior-lands-80m-from-deutsche-bank-to-boost-global-payment/" rel="noopener noreferrer nofollow">Partior Lands $80M From Deutsche Bank To Boost Global Payment</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

Partior Lands $80M From Deutsche Bank To Boost Global Payment

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