Partior, a Singapore-based platform for real-time clearing and settlement, has signed up Deutsche Bank as a strategic investor in its Series B funding round, bringing the total investment to US$80 million.

This marks the close of the second round in Partior’s Series B funding and comes on the heels of the first close led by Peak XV Partners in July 2024 with participation from J.P. Morgan, Jump Trading Group, Standard Chartered, Temasek and Valor Capital Group.

Deutsche Bank says its investment will further bolster the fintech firm’s global reach and scale its cross-border capability, as well as develop and enhance innovative functions like Intraday FX swaps and Just-in-Time multi-bank payments.

Founded in 2021 and backed by DBS Bank, J.P. Morgan, Standard Chartered, Temasek, and Peak XV, Partior enables real-time, atomic clearing and settlement, providing instant liquidity and transparency, offering enhanced security, and overcoming challenges commonly associated with sequential processing in legacy payment systems.

Deutsche Bank aims to join as a euro and US dollar settlement bank on the Partior platform. The investment underscores its commitment to empower its customers with real-time, secure, and scalable settlement solutions, the bank says.

It also complements Deutsche Bank's recent launch of dbX, a next-generation correspondent banking ecosystem designed to optimize and expand its financial institution client services. 

"The 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,” says Patricia Sullivan, global head of institutional cash management at Deutsche Bank.

Partior says its blockchain-based network addresses long-standing inefficiencies in the industry, including settlement delays, limited transparency, and high operating costs.

By removing the need for intermediaries, Partior simplifies the clearing and settlement process for global financial market participants, including banks and payment service providers.

Partior's platform currently supports US dollar, euro, and Singapore dollar, with plans to integrate additional currencies including UAE dirham, Aussie dollar, Brazilian real, Canadian dollar, offshore renminbi, British pound, Japanese yen, Malaysian ringgit, Qatari riyal, and Saudi riyal.