Akshata Sharma
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Blockchain-based fintech Partior has bagged over $60 million in a Series B funding round led by Peak XV Partners.
New investors such as Valor Capital Group and Jump Trading Group and existing shareholders, including J.P. Morgan, Standard Chartered, and Temasek, also participated in the round.
The funding will enable the Singapore-based firm to advance its new capabilities, such as intraday FX swaps, cross-currency repos, programmable enterprise liquidity management, and just-in-time multi-bank payments. It will also support international network growth and integration of additional currencies.
Founded in 2021, the block-chain based company, which enables cross-border payments and settlements, emerged from Project Ubin-a collaboration between the Monetary Authority of Singapore and the financial services industry.
The firm strives to tackle industry inefficiencies such as settlement delays, limited transaction transparency, and high operating costs, while facilitating liquidity movement for financial institutions and their customers.
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