BankingBusinessCloud

Form3 bags $60m Series C extension with new investor British Patient Capital

  • Form3 closes a $60 million Series C extension with British Patient Capital as a new investor.
  • Funding will be used for product and service development, focusing on growth in key markets: the UK, Europe, and the US.
  • Form3 completed certification for the Federal Reserve’s FedNow instant payment system in 2023.
  • This extension builds on a $160 million Series C raised in 2021, supported by Lloyds Banking Group, Nationwide, Barclays, Mastercard, and led by Goldman Sachs.
  • Visa made an undisclosed investment last year as part of a commercial partnership.
  • Form3 processes real-time account-to-account (A2A) payments for banks and institutions, including Klarna.
Previous article
Mansfield Building Society in core banking tech overhaul with TCS
Next article
Paymob secures $22m Series B extension to continue GCC roll-out
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

JPMorgan Pilots Software to Monitor Junior Bankers’ Working Hours

New initiative aims to enhance oversight of junior employee hours worked.Highlights: JPMorgan tests software to monitor working hours...
FinTech

Goldman Sachs to Implement Performance-Based Staff Cuts in April

The bank plans restructuring amidst shifting financial landscape.Highlights: Goldman Sachs plans performance-based staff cuts in April.The restructuring aims...
FinTech

Nasdaq Secures SEC Approval for Trading Tokenized Securities

This marks a significant advancement in digital asset trading.Highlights: Nasdaq gains SEC approval for trading tokenized securities.This approval...
FinTech

Aveni Launches Agentic AI Council to Enhance AI Ethics

New council aims to guide ethical AI development and deployment strategies.Highlights: Aveni establishes the Agentic AI Council for...