What is Form3?
Form3 operates a sophisticated Payments-as-a-Service platform designed to enable banks, fintechs, and payment service providers to execute account-to-account payments in real-time across various payment schemes. The company's cloud-native infrastructure is engineered to supersede legacy systems, offering a scalable, secure, and efficient alternative for payment processing. By focusing on real-time capabilities and multi-scheme support, Form3 positions itself as a key player in the digital transformation of the financial services industry, addressing the complexities and costs associated with traditional payment infrastructures.
How much funding has Form3 raised?
Form3 has raised a total of $290.9M across 4 funding rounds:
Series A
$5M
Series B
$13M
Debt
$22.9M
Series C
$250M
Series A (2017): $5M with participation from Barclays and Angel CoFund
Series B (2018): $13M led by Angel CoFund, Molten, and Barclays
Debt (2022): $22.9M supported by Atempo Growth
Series C (2024): $250M featuring Nationwide, 83North, Lloyds Banking Group, Goldman Sachs, British Patient Capital, Mastercard, Barclays, and Molten
Key Investors in Form3
Nationwide
Nationwide Building Society is a British mutual financial institution that provides a wide range of financial services. Its participation suggests a strategic interest in innovative payment solutions that could enhance its own offerings or partnerships within the financial sector.
83North
83North is a global venture capital firm that invests in category-leading companies across various stages. Their involvement indicates a belief in Form3's potential for significant market disruption and global scalability.
Mastercard
Mastercard is a global technology company in the payments industry, connecting consumers, financial institutions, and merchants. Their investment highlights a strategic alignment with Form3's mission to modernize payment infrastructure and potentially integrate its services within Mastercard's extensive network.
What's next for Form3?
With the recent influx of major enterprise-level funding, Form3 is poised for accelerated expansion and product development. The strategic investment will likely fuel enhancements to its Payments-as-a-Service platform, potentially broadening its reach into new markets and payment schemes. Furthermore, this capital injection signals strong investor confidence in Form3's business model and its capacity to disrupt the established financial infrastructure. The company is expected to leverage this backing to solidify its market position, attract new institutional clients, and continue its trajectory of innovation in the competitive fintech landscape.
See full Form3 company page
