Partior closes second round of Series B funding at $107.3m

The company aims to scale its cross-border capability.

Partior announced that Deutsche Bank has joined its Series B funding, closing the company’s second round of funding at $107.3m (US$80m).

With Deutsche Bank’s investment, Partior aims to scale its cross-border capability and develop innovative functions such as Intraday FX swaps and Just-in-Time multi-bank payments.

Deutsche Bank will join as a Euro and US dollar settlement bank on the Partior platform, complementing its recent launch of dbX, a correspondent banking ecosystem designed to optimise and expand its financial institution client services.

Partior's platform currently supports USD, EUR, and SGD, with plans to integrate additional currencies including AED, AUD, BRL, CAD, CNH, GBP, JPY, MYR, QAR, and SAR.

"The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and the drive for greater financial inclusion and transparency,” said Patricia Sullivan, global head of institutional cash management at Deutsche Bank.

Humphrey Valenbreder, chief executive officer of Partior also shared that the company has now processed over $1.3b (US$1b) worth of transactions.

($1-US$0.74)

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