What is Form3?
Form3 operates a cloud-native Payments-as-a-Service (PaaS) platform designed to revolutionize how financial institutions manage account-to-account payments. By offering real-time processing across multiple payment schemes, Form3 empowers banks, fintechs, and payment service providers to transition from legacy systems to a modern, scalable, and secure infrastructure. This strategic shift addresses the inherent complexities and costs associated with traditional payment processing, positioning Form3 as a key enabler of digital transformation within the financial sector.
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 Draper Esprit, Angel CoFund, and Barclays
Debt (2022): $22.9M supported by Atempo Growth
Series C (2024): $250M featuring Barclays, 83North, Mastercard, Lloyds Banking Group, Goldman Sachs Group, British Patient Capital, Draper Esprit, and Nationwide Building Society
Key Investors in Form3
Barclays
Barclays PLC is a British multinational universal bank providing a wide range of financial services globally, with a significant focus on digital innovation and sustainable finance.
Draper Esprit
Draper Esprit is a venture capital firm investing in high-growth technology companies with global ambitions, operating with offices in London, Cambridge, and Dublin.
83North
83North is a global venture capital firm that invests in exceptional entrepreneurs to build category-leading companies, managing over $2.2 billion in assets.
What's next for Form3?
The recent major enterprise-level funding for Form3 signals a strong commitment to scaling its operations and further developing its Payments-as-a-Service capabilities. This capital injection is expected to fuel product innovation, expand market reach, and enhance its competitive edge against established payment processors and emerging fintech solutions. Form3's trajectory suggests a focus on solidifying its role as a critical infrastructure provider for the future of payments, likely involving strategic partnerships and continued technological advancement to meet the growing demand for real-time, efficient payment solutions.
See full Form3 company page
