Blockchain firm Partior has secured $80 million in its Series B funding round, bolstered by an investment from Deutsche Bank.
This round brings the company’s total funding to over $111 million, following a successful $31 million Series A in 2022.
Partior, founded in 2021, is backed by prominent investors, including JPMorgan Chase, DBS Bank, Temasek, Standard Chartered Bank, and Peak XV Partners.
Its latest funding aims to advance the firm’s mission of enabling secure, real-time cross-border transactions for financial institutions worldwide.
“Deutsche Bank’s investment and collaboration are a powerful validation of our vision to transform global financial infrastructure,” stated CEO Humphrey Valenbreder highlighted the importance of Deutsche Bank’s involvement.
Valenbreder revealed that Partior has processed over $1 billion in transactions using its blockchain-powered global unified ledger, which facilitates multicurrency clearing and settlement in real time.
The funding comes at a time of economic uncertainty, with geopolitical tensions in the Middle East and Europe and the upcoming Donald Trump presidency contributing to significant fiat currency fluctuations.
Traditional financial institutions are increasingly exploring blockchain solutions to address inefficiencies and enhance transparency in payments.
Patricia Sullivan, Deutsche Bank’s global head of institutional cash management, emphasised the impact of technological advancements on the payments sector.
“The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency,” she stated.
Partior’s blockchain-based platform positions it as a key player in reshaping financial infrastructure, particularly as the global economy seeks innovative solutions to adapt to shifting market dynamics.
The Series B investment underscores the growing demand for non-traditional banking technologies to streamline international financial transactions.