Blockchain startup Partior secures Deutsche Bank as strategic investor

Blockchain payments firm Partior added Deutsche Bank as an investor in its Series B round, bringing total funding to $80 million.

Deutsche Bank has joined Singapore-based blockchain fintech startup Partior as a strategic investor, participating in the company’s $80 million Series B financing round.

In the company’s press conference dated November 27, it was stated that the investment was the second closing of the investment round, which started in July 2024 under the leadership of Peak XV Partners, with contributions from JP Morgan, Standard Chartered, Temasek, Jump Trading Group and Valor Capital Group. release.

While the size of Deutsche Bank’s investment was not disclosed, the funds will be used to expand Partior’s global reach and develop new features such as intraday currency swaps and just-in-time multi-bank payments. The German bank also plans to join Partior’s platform as a clearing bank for euros and US dollars, but details remain unclear.

“As the largest EUR clearing house, Deutsche Bank is excited to be a leader in this revolution and leverage cutting-edge technology to increase the speed, transparency and security of payments that customers and others alike have come to expect.”

Patricia Sullivan, global head of corporate cash management, Deutsche Bank

Partior to expand fiat offerings with support from Deutsche Bank

Partior CEO Humphrey Valenbreder welcomed the partnership, emphasizing that Deutsche Bank’s support accelerates the company’s mission to deliver seamless, secure and instant cross-border transactions. The platform has processed over $1 billion in transactions to date.

Founded in 2021 and backed by DBS Bank and JP Morgan, Partior specializes in blockchain-powered real-time clearing and payment solutions. The platform aims to simplify cross-border payments by providing instant liquidity and eliminating inefficiencies in traditional payment systems.

Partior currently supports the US dollar, euro and Singapore dollar, with plans to add Japanese yen, British pound sterling and Australian dollar in the future.