🚀 Blockchain Fintech Startup Partior Reduces Workforce
#Blockchain #Fintech #Startup #Partior #WorkforceReduction #Layoffs #TemasekHoldings #CrossBorderPayments #Funding #PeakXVPartners
According to Odaily, blockchain fintech startup Partior is currently operating with a reduced workforce. In July, the company laid off approximately 30 employees, and several members of the leadership team have also departed. This development marks Partior as the latest Temasek Holdings-backed startup to experience layoffs and employee departures within the past 10 months. Previously, Partior, a company specializing in cross-border payments and settlements via blockchain, secured $60 million in funding led by Peak XV Partners.#Blockchain #Fintech #Startup #Partior #WorkforceReduction #Layoffs #TemasekHoldings #CrossBorderPayments #Funding #PeakXVPartners
🚀 Deutsche Bank Joins Blockchain Payment Network Partior As Investor
#DeutscheBank #Partior #Blockchain #Payments #Finance #Investment #JPMorgan #CrossBorderPayments #FinancialInclusion #Transparency #DigitalCurrency #SettlementBank
According to CoinDesk, Deutsche Bank has joined the blockchain payment network Partior as a strategic investor, participating in the company's Series B funding round. This addition brings the total raised by Partior to $80 million. Partior, a Singapore-based firm, is supported by major financial institutions including JPMorgan, DBS, and Standard Chartered.
The involvement of Deutsche Bank highlights the increasing adoption of blockchain technology by traditional finance firms. Recently, Mastercard announced a collaboration with JPMorgan to facilitate cross-border payments using blockchain technology. Deutsche Bank will also serve as a settlement bank for both euro and U.S. dollar transactions on Partior's platform.
Patricia Sullivan, Deutsche Bank's global head of institutional cash management, noted the significant disruption in the payments industry driven by technological advancements and the push for greater financial inclusion and transparency. Partior, established in 2021, is backed by notable investors such as DBS Bank, JPMorgan, Standard Chartered, Temasek, and Peak XV, along with Jump Trading and Valor Capital Group. The platform currently supports payments in U.S. dollars, euros, and Singapore dollars, with plans to expand its currency offerings as its global network grows.#DeutscheBank #Partior #Blockchain #Payments #Finance #Investment #JPMorgan #CrossBorderPayments #FinancialInclusion #Transparency #DigitalCurrency #SettlementBank
🚀 Deutsche Bank Completes First Euro-Denominated Cross-Border Payment via Blockchain
#DeutscheBank #EuroDenominated #CrossBorderPayment #Blockchain #Partior #DBSBank #RealTimeTransaction #InternationalPayments
According to PANews, Deutsche Bank has announced the successful completion of its first euro-denominated cross-border payment transaction using the blockchain platform Partior. The real-time transaction was received by DBS Bank. This marks a significant step in leveraging blockchain technology for international payments.#DeutscheBank #EuroDenominated #CrossBorderPayment #Blockchain #Partior #DBSBank #RealTimeTransaction #InternationalPayments