Originally published on: November 28, 2024
Partior, a blockchain firm founded in 2021, recently closed its second Series B funding round with the support of Deutsche Bank. With this latest investment, the total funds raised by Partior across both series reach an impressive $80 million.
The company initially kicked off its Series B fundraising in June 2024 following a successful Series A round that brought in $31 million back in 2022. Over the years, Partior has managed to secure over $111 million in funding, making it a significant player in the blockchain industry.
Notable investors in Partior’s journey include Standard Chartered Bank, JPMorgan Chase, DBS Bank, Temasek, and now Deutsche Bank, which has further endorsed the company’s vision for revolutionizing global financial infrastructure.
Partior’s CEO, Humphrey Valenbreder, has expressed the company’s commitment to enabling secure and instant cross-border transactions for financial institutions worldwide. With over $1 billion worth of transactions already processed, Partior’s primary product, the “global unified ledger,” offers real-time, cross-border, multicurrency clearing and settlement solutions for financial entities.
In the midst of global economic uncertainties, the financial world is witnessing a paradigm shift towards non-traditional banking solutions, with blockchain technology firms like Partior leading the way. Deutsche Bank’s global head of institutional cash management, Patricia Sullivan, highlights the ongoing disruption in the payments business driven by technology advancements and the quest for greater financial inclusion and transparency.
As the financial landscape continues to evolve, innovative blockchain solutions are becoming increasingly vital. Stay tuned to our Crypto Biz newsletter for more insights into the latest trends and opportunities in blockchain and crypto. Subscribe today to stay ahead of the curve.
