TechFlow news, November 27 — According to Cryptonews, blockchain payment company Partior has raised $80 million in a Series B funding round, with Deutsche Bank joining as a new investor. The funding round was initially launched in July 2024 and included investors such as Peak XV Partners, JPMorgan Chase, Jump Trading Group, Standard Chartered, Temasek, and Valor Capital Group.
Founded in 2021 and backed by financial institutions including DBS Bank and JPMorgan Chase, Partior provides real-time clearing and settlement services through its blockchain platform, aiming to address the sequential processing issues in traditional payment systems. Patricia Sullivan, Global Head of Institutional Cash Management at Deutsche Bank, stated that as the largest euro clearer, the bank plans to join the Partior platform as a settlement bank for both euros and U.S. dollars.
Funds will be used to accelerate Partior's global expansion and develop new features such as onshore-offshore foreign exchange swaps. Notably, Deutsche Bank has been actively expanding its presence in the cryptocurrency space in recent years, having applied to Germany’s financial regulator for a digital asset custody license in June 2023.
