{"id":101871,"date":"2024-11-28T16:12:30","date_gmt":"2024-11-28T20:12:30","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=101871"},"modified":"2024-11-28T16:13:18","modified_gmt":"2024-11-28T20:13:18","slug":"partior-secures-80m-in-series-b-funding","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/partior-secures-80m-in-series-b-funding\/","title":{"rendered":"Partior Secures $80M in Series B Funding with Deutsche Bank Backing"},"content":{"rendered":"\n

Deutsche Bank joins other investors such as Peak XV Partners, JP Morgan, Jump Trading Group, Standard Chartered<\/a>, Temasek, and Valor Capital Group.<\/p>\n\n\n\n

\"Partior<\/figure>\n\n\n\n

German banking giant Deutsche Bank participated in the second Series B funding round for blockchain firm Partior, pushing the total raised in the round to $80 million.<\/p>\n\n\n\n

Partior, founded in 2021, launched its Series B fundraising in June 2024 after securing $31 million in a successful Series A round in 2022. The firm has raised over $111 million across both funding rounds.<\/p>\n\n\n\n

Standard Chartered Bank reportedly led the Series A\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, with founding shareholders JPMorgan Chase, DBS Bank, and Temasek also participating. Peak XV Partners led the Series B round.<\/p>\n\n\n\n

Humphrey Valenbreder, CEO of Partior, highlighted the company\u2019s goal of enabling \u201csecure and instant cross-border transactions for financial institutions worldwide.\u201d Valenbreder emphasized Deutsche Bank\u2019s investment as a strong endorsement, stating:
<\/p>\n\n\n\n

\n

\u201cDeutsche Bank\u2019s investment and collaboration are a powerful validation of our vision to transform global financial infrastructure,\u201d according to a blog post from the company.<\/p>\n<\/blockquote>\n\n\n\n

Partior<\/a> has processed over $1 billion in transactions and offers a blockchain-based product called the “global unified ledger.” This platform facilitates real-time, cross-border, multicurrency clearing and settlement for financial institutions.<\/p>\n\n\n\n

Economic Uncertainty Drives Interest in Blockchain Solutions<\/h2>\n\n\n\n

Partior\u2019s latest funding success coincides with a period of global economic disruption. Events such as ongoing conflicts in the Middle East and Europe, coupled with the looming return of Donald Trump to the U.S. presidency, have contributed to significant volatility in fiat currencies. November saw notable declines in currencies like the Canadian dollar and the Mexican peso.<\/p>\n\n\n\n

Amid such uncertainty, institutions are increasingly exploring alternative banking solutions, with blockchain technology firms emerging as key players.<\/p>\n\n\n\n

Patricia Sullivan, Deutsche Bank\u2019s global head of institutional cash management, remarked on the shifting financial landscape:
<\/p>\n\n\n\n

\n

\u201cThe payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency.\u201d<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Deutsche Bank joins other investors such as Peak XV Partners, JP Morgan, Jump Trading Group, Standard Chartered, Temasek, and Valor Capital Group. German banking giant Deutsche Bank participated in the second Series B funding round for blockchain firm Partior, pushing the total raised in the round to $80 million. Partior, founded in 2021, launched its […]<\/p>\n","protected":false},"author":56,"featured_media":101880,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[202,710,4637,1659],"class_list":["post-101871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blockchain","tag-business","tag-deutsche-bank","tag-funding"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Partior-Secures-80M-in-Series-B-Funding-with-Deutsche-Bank-Backing.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=101871"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/101880"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=101871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=101871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=101871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}