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

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...
FinTech

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...
FinTech

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...
FinTech

Mastercard Restricts Sale of Nets Payments Unit Purchased for $3.2 Billion

Mastercard looks to divest its Nets payments segment as part of strategic realignment.Highlights: Mastercard is seeking to sell...