- Form3, a UK-based paytech, raised $60 million in a Series C extension round.
- British Patient Capital, a subsidiary of the British Business Bank, joined as a new investor.
- The funding will be used for product and service development, with a focus on growth in key markets: the UK, Europe, and the US.
- Form3 completed certification for the FedNowSM instant payment system in the US in 2023.
- This raise follows a $160 million Series C in 2021, supported by investors such as Lloyds Banking Group, Nationwide, Barclays, and Mastercard, with Goldman Sachs as the lead investor.
- Visa also invested in Form3 in 2022 as part of their commercial partnership.
- Form3’s platform provides account-to-account (A2A) payment processing for banks and financial institutions, including Klarna, which uses Form3’s Payments-as-a-Service (PaaS) technology for instant payments in Europe.
