Peak XV Partners led a $60 million series B funding round that was successfully closed by Partior on July 12. Partior is a blockchain payment network and fintech services company that has backing from JP Morgan, Standard Chartered, and Temasek.
Valor Capital Group and Jump Trading Group also took part in the round, and DBS, JP Morgan, Standard Chartered, and Temasek kept their backing.
Partior’s Global Ledger Enhancement
Partior wrote on their blog that the funds will be used to improve the company’s global uniform ledger. This blockchain-based bridge makes it possible for financial institutions, like banks and payment service providers, to clear and settle transactions in real time across borders and in multiple currencies.
Partior was started in 2021 by JP Morgan, DBS, and Temasek in Singapore. Its goal is to make it easier and faster to send funds, do business, and settle foreign exchange deals across borders.
Peak XV Partners led the most recent round of funding. Peak XV Partners is a group that was formed in June 2023 from Sequoia Capital to spread out the company’s operations. Peak XV Partners is in charge of the companies’ Indian and Southeast Asian operations.
In a blog post, Shailendra Singh, Managing Director of Peak XV, praised Partior’s goal and said he was excited about the funding round:
“Partior is an extremely ambitious attempt to transform global money transfer and settlement amongst banks. It’s a unique approach where multiple banks have come together to catalyse change in this industry. We couldn’t be more excited to join DBS, J.P. Morgan, Standard Chartered and Temasek, as co-shareholders in this journey.”
