Partior CEO Humphrey Valenbreder has secured Deutsche Bank as a strategic investor in the company’s Series B funding round, bringing the total investment to $80 million. Partior, founded in 2021 by DBS Bank, JP Morgan, Standard Chartered, and Temasek, offers blockchain-based solutions for real-time clearing and settlement of cross-border payments, with plans to expand its network globally. The partnership with Deutsche Bank will allow for Euro and US dollar settlements on the platform, enhancing liquidity, transparency, and efficiency in the financial market.
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Puma’s new boss takes helm trailing Adidas and a recovering Nike
Puma's leadership has aimed to elevate the brand's image for over two years, focusing on making its sneakers and apparel more aspirational. However, new CEO Arthur Hoeld has indicated that the brand is now perceived as cheap, suggesting a disconnect between the company's goals and public perception. Want More Context? 🔎
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