Form3 raises $160 million in Goldman led round

Form3 raises $160 million in Goldman led round

London’s payments infrastructure provider Form3 has raised $160 million in a Series C funding round. The latest funding is expected to fuel expansion plans into new markets, with a specific focus on the US, where the company is already in advanced conversations with a number of banks. To date, the startup has raised $220 million.

Placing a heavy emphasis on cloud-based technologies, Form3 launched in 2017, with its Payments-as-a-Service platform, and is now in use by some of Europe’s biggest Tier1 banks, as well as a number of the fastest-growing fintechs.

As a clear indication of the uptake on the company’s offer, 2021 saw an ARR growth of 233%, and the startup now employes over 260 individuals in 22 countries worldwide.

Discussing the current and next phase for Form3, CEO Michael Mueller commented, “Cloud-native technology is now proven at an industrial scale and confidence is high and growing. This announcement marks the beginning of a global rollout for Form3, and the funding required to tackle the next big challenges in payments; how should payments become smart – uniquely possible with our cloud-native technology and an exciting new phase to come.”

Form3’s Series C round was led by Goldman Sachs and saw the participation of existing investors Lloyds Banking Group, Nationwide Building Society, Barclays, Mastercard, 83North, and Draper Esprit.

Comments
  1. Would you like to write the first comment?

    Would you like to write the first comment?

    Login to post comments
Follow the developments in the technology world. What would you like us to deliver to you?
Your subscription registration has been successfully created.