Partior CEO Humphrey Valenbreder
As the global cross-border payment market continues to grow rapidly, the complexity and cost of moving money across different currencies are increasing. Legacy market infrastructure leads to operational inefficiencies for financial institutions and their customers, including settlement risk and uncertainties about settlement confirmation and liquidity accessibility.
A startup based in Singapore is addressing these issues with blockchain technology.
Recently, they secured a substantial investment from prominent global investors.
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“Traditional cross-border payments are burdened with delays, high costs, lack of transparency, multiple intermediaries, and varying compliance standards,” explained Humphrey Valenbreder, CEO of Partior, in an interview with e27. “At Partior, we tackle these challenges with our 24×7 global clearing and settlement solution, enabling real-time domestic and cross-border payments across banks. This ensures programmable value transfers with real-time settlement finality, delivering instant liquidity and transparency to overcome inefficiencies in legacy payment systems.”
“Similarly, current FX Payment vs Payment (PvP) arrangements for post-trade FX settlements struggle with inefficiencies due to rigid settlement cycles and lack of support for emerging market currencies. Our decentralized global FX settlements solution allows real-time post-trade settlement for FX trades with PvP arrangements for primary and emerging market currencies, eliminating settlement risk and providing instant access to liquidity whenever needed to avoid delays and rigid settlement cycles,” he added.
By leveraging distributed ledger technology (DLT), Partior combines tokenized deposits and assets into a single programmable platform to ensure transparency, liquidity, and settlement finality.
“For transparency, Partior utilizes a permissioned ledger system to grant access only to authorized participants, ensuring real-time visibility across the entire payment chain from initiation to settlement. In terms of liquidity, the 24×7 availability of Partior allows continuous payment and settlement processing, extending operational hours beyond traditional cut-offs. This enables almost instantaneous movement of funds across borders and time zones, enhancing liquidity management efficiency.
Regarding settlement finality, DLT within Partior ensures on-chain settlement finality, eliminating the need for lengthy reconciliation processes and reducing settlement risks associated with traditional systems,” elaborated Valenbreder.
Partior also offers innovative features for settlement efficiency, such as Intraday FX swaps, Programmable enterprise liquidity management, and Just-in-time (JIT) multi-bank payments.
The Intraday FX Swaps capability allows banks to execute and settle transactions within shorter time frames, optimizing capital utilization and capturing new revenue opportunities by addressing immediate liquidity needs.
Simultaneously, the programmable multi-bank, multi-country cash concentration helps corporates optimize group cash balances by automating cash management processes to deploy funds more strategically and improve liquidity and cash flow control.
The JIT Multi-Bank Payments solution facilitates immediate fund transfers upon payment initiation for large corporates and multinational corporations with global treasury operations, enhancing operational efficiency and reducing the complexity of cash forecasting and funding across different banking relationships and markets.
Partior’s concurrent payments pre-validation ensures payment information is checked and validated before fund transfer to prevent errors and optimize liquidity usage.
Last week, Partior announced the first close of its US$60 million+ Series B funding round, led by Peak XV Partners and supported by Valor Capital Group, Jump Trading Group, J.P. Morgan, Standard Chartered, and Temasek. This funding will accelerate the development of new capabilities like Intraday FX swaps, Programmable Enterprise Liquidity Management, and Just-in-Time multi-bank payments.
“We will also focus on expanding our geographical reach by integrating additional currencies like AED, AUD, CAD, CNH, GBP, JPY, MYR, QAR, and SAR alongside USD, EUR, and SGD currently live on the Partior platform,” he added.
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“The involvement of Peak XV, Jump Trading Group, and Valor Capital Group will enhance our reach and influence in key markets, complementing the global presence established by our existing investors,” Valenbreder stated.
Through the use of blockchain technology, Partior is reshaping the cross-border payments landscape. With a focus on real-time settlement, transparency, and cost efficiency, the company is addressing critical pain points in the industry. The recent infusion of capital demonstrates the immense potential of Partior’s solution and its ability to revolutionize how money moves across borders. As Partior expands its network and introduces new capabilities, it is well-positioned to become a leading player in the global payments ecosystem.
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