The last few months have seen major changes at Partior, the DLT settlement network backed by DBS, JP Morgan, Standard Chartered and Temasek. In May, new CEO Humphrey Valenbreder joined from bunq, followed by a $60 million funding round in July. Not long after, the company laid off more than a quarter of its staff (as first reported by Tech in Asia), leaving a team of around 90 people.
Press reports mentioned ‘unforeseen technical hurdles’ and grievances about culture changes on Glassdoor. Given Partior is considered a heavyweight initiative in the DLT payments arena, we caught up with Mr Valenbreder to find out more. He addressed both these points without hesitation.
The new CEO sees his role as transitioning the company from a startup to a scale up.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
