Singapore Fintech Firm Partior Secures US$80 Million Funding Led by Deutsche Bank

Deutsche Bank Joins Partior’s Series B Funding Round

Singapore-based fintech firm Partior, backed by DBS Bank and Temasek, has received new funding totaling US$80 million, with Deutsche Bank as a strategic investor in its Series B round. The funding will be utilized to enhance global reach and develop innovative functions.

Strengthening Global Reach and Cross-Border Capabilities

Partior’s platform, utilizing blockchain technology for real-time clearing and settlement, aims to strengthen its cross-border capabilities and enhance features such as intraday foreign exchange swaps. Deutsche Bank will become a settlement bank on Partior’s platform, aligning with its correspondent banking ecosystem initiative.

Significant Milestone in Series B Funding

Partior’s Series B funding journey has seen the participation of prominent investors, including Peak XV Partners, Temasek, Standard Chartered, and JP Morgan. The latest funding round will support Partior’s vision to revolutionize cross-border transactions for financial institutions globally, surpassing US$1 billion in processed transactions.

Driving Industry Disruption and Financial Inclusion

Deutsche Bank’s global head for institutional cash management acknowledges the rapid technological advancements reshaping the payments landscape. Partior, established in 2021 through Singapore’s Project Ubin initiative, simplifies clearing and settlement processes, eliminating inefficiencies and enhancing transparency in global financial market transactions.