Partior Series B funding reaches $80M on Deutsche Bank investment
Partior, a blockchain firm, has raised a total of $80 million in its second Series B funding round, following an investment from Deutsche Bank. Founded in 2021, Partior started fundraising for Series B in June 2024 after completing a successful Series A round that raised $31 million in 2022, bringing its total funding to over $111 million. This Series A was backed by Standard Chartered and involved participation from JPMorgan Chase, DBS Bank, and Temasek, while Peak XV Partners led the Series B round. Partior's CEO, Humphrey Valenbreder, emphasized the company's commitment to enabling secure and instant cross-border transactions, noting that they have processed over $1 billion in transactions. The funding comes amidst global economic disruptions, with traditional institutions increasingly exploring blockchain solutions to navigate the challenges posed by a centralized financial system. Deutsche Bank's global head of institutional cash management highlighted the ongoing transformation in the payments sector, driven by technological advancements and the quest for greater financial inclusion and transparency.
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