Partior Secures Over $60 Million in Series B Funding for Blockchain Payment Solutions

IconCryptoNewsTerminal Staff12 Jul, 2024

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Partior Secures Over $60 Million in Series B Funding for Blockchain Payment Solutions

Partior, a Singapore-based distributed ledger payment solution provider, has recently secured over $60 million in a Series B funding round. The round was led by Peak6 Strategic Capital, with participation from notable investors such as JP Morgan, Standard Chartered, Jump Trading, and Valar Capital. Co-founded by JP Morgan, DBS, Standard Chartered, and Temasek, Partior specializes in developing blockchain solutions for instant cross-border payments. The company aims to revolutionize the financial industry by providing efficient and cost-effective payment processing. Partior's funding success underscores the growing demand for innovative blockchain-based payment solutions. The company's focus on cross-border transactions addresses a significant pain point in the global financial system, where traditional payment methods often incur high fees and delays. With this new funding, Partior plans to expand its product offerings, hire top talent, and explore new market opportunities. The company's strategic partnerships with major financial institutions position it well to drive adoption of its blockchain technology and transform the payment landscape.

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