According to BlockBeats, Partior, a cross-border payment and settlement company based in Singapore, has successfully raised $60 million in a Series B funding round. The round was led by Peak XV Partners, with participation from other investors including Jump Trading, Valor Capital, and existing shareholders Temasek Holdings Private Limited, JPMorgan Chase & Co., and Standard Chartered Bank.
Partior's successful funding round underscores the growing interest and investment in the fintech sector, particularly in solutions that facilitate cross-border transactions. The funds raised will likely be used to further develop Partior's technology and expand its services, although the company has not provided specific details on how the funds will be used.
The participation of existing shareholders in the funding round indicates their continued confidence in Partior's business model and potential for growth. This news follows a trend of increased investment in fintech companies, as digital payments and online banking services continue to grow in popularity and necessity.