Blockchain Startup Partior Secures Deutsche Bank Investment in $80 Million Series B Round

Blockchain-based payments firm Partior has successfully raised $80 million in its Series B funding round, with Deutsche Bank joining as a strategic investor. This investment comes as part of the second close of the round, which began in July 2024 and has already attracted significant backing from prominent financial institutions, including J.P. Morgan, Standard Chartered, Temasek, Jump Trading Group, and Valor Capital Group.

Deutsche Bank Joins as Strategic Investor

While the exact amount of Deutsche Bank's investment remains undisclosed, the funds will be used to further expand Partior’s global presence and enhance its platform’s capabilities. The partnership is set to accelerate the development of new features, such as intraday foreign exchange (FX) swaps and just-in-time multi-bank payments. Additionally, Deutsche Bank will integrate into Partior’s platform as a settlement bank for Euro and U.S.

Dollar transactions, although the full details of the collaboration are yet to be finalized.

Patricia Sullivan, Deutsche Bank’s Global Head of Institutional Cash Management, expressed her excitement about the partnership, noting that the bank is eager to lead the way in utilizing cutting-edge blockchain technology. She highlighted the potential of blockchain to improve the speed, transparency, and security of payments for both clients and the broader industry. "Deutsche Bank, as the largest EUR clearer, is excited to be a leader in this revolution and harness cutting-edge technology to enhance the speed, transparency, and security of payments," said Sullivan.

Expanding Blockchain-Powered Payment Solutions

The strategic collaboration with Deutsche Bank is a major milestone for Partior, a Singapore-based fintech startup founded in 2021. Partior is already making waves in the financial sector with its blockchain-powered real-time clearing and settlement solutions, which aim to address the inefficiencies of traditional cross-border payments. The platform has already processed over $1 billion in transactions and aims to continue its growth with this new infusion of capital.

Partior CEO Humphrey Valenbreder welcomed the partnership, stressing that Deutsche Bank’s involvement would accelerate the company’s mission to provide seamless, secure, and instantaneous cross-border transactions. "With Deutsche Bank's support, we can take the next step in transforming the global payment landscape," he said.

Plans for Future Expansion

Currently, Partior supports U.S. Dollar, Euro, and Singapore Dollar transactions. However, the company has ambitious plans to expand its fiat offerings in the future, with the introduction of additional currencies like the Japanese Yen, British Pound, and Australian Dollar on the horizon.

As Partior continues to innovate within the blockchain payments space, the strategic backing from Deutsche Bank and other institutional investors sets the stage for significant growth and advancement in real-time settlement solutions.