UK account-to-account payments platform Form3 has secured $60 million in a Series C extension funding round, led by new investor British Patient Capital with a $10 million investment.
This latest funding brings the total for Form3’s Series C to $220 million, with participation from notable investors including Visa, Goldman Sachs, MasterCard, Barclays, Molten Ventures, and 83North.
Benyam Hagos, Chief Financial Officer at Form3, stated, “British Patient Capital’s investment allows Form3 to continue delivering mission-critical infrastructure technology for the world’s most established banks and financial institutions.”
Form3 serves a diverse client base, which includes both investor banks and emerging fintech firms such as Klarna, N26, SumUp, and Thought Machine. In the UK, Form3 processes over 50% of the country’s non-cash payment volume for clients like Barclays, Lloyds Bank, and Nationwide.
Tom Haywood, Managing Director of Direct Investments at British Patient Capital, remarked, “Form3 has developed a leading solution to the challenge banks globally face in transitioning to a modern, future-proof payments infrastructure. We are pleased to support them as they embark on the next phase of their growth.”