Form3

Overview
News
FinTech Infrastructure?
Product stageSegments
Growth
?
Payment and subscription management
?

Form3 is a British company that offers banking support services by providing a cloud-based payment processing, clearing, and settlement infrastructure for banks and regulated FinTechs through APIs. The platform facilitates agency payments through several popular clearing and settlement systems, including the UK Bacs, Faster Payments, Single Euro Payments Area (SEPA), and SWIFT payments.

Form3 completed testing and certification for the Federal Reserve's new instant payment offering, FedNowSM Service, in July 2023. The company was reportedly among the first companies to complete testing and certification for it.

Key customers and partnerships

Form3’s platform is reportedly used by Tier1 banks and fast-growing FinTechs in the UK and Europe.

In March 2024, Form3 partnered with Portugal-based Feedzai, an anti-fraud and financial crime software provider, to launch an authorized push payment (APP) fraud prevention solution. Form3 partnered with Mastercard in July 2021 to launch the “PayPort+” gateway that provides easier access for financial institutions and payment service providers into the UK’s Faster Payments Network (a network that enables real-time mobile, internet, telephone, and standing order payments). This partnership was formed shortly after Mastercard invested an undisclosed sum in Form3 in December 2020.

Form3 has also partnered with British payments and accounting firm Countingup in September 2020 to help small businesses leverage real-time payments to simplify workflows and manage their finances and accounting functions. Form3 subsequently partnered with Goldman Sachs (GS) in April 2022, to leverage GS’ Transaction Banking (TxB) infrastructure and offer cross-border payments and FX capabilities to Form3’s regulated financial institution customers (across 124 currencies in 163 countries).

HQ location:
7 Harp Lane London GBR
Founded year:
2016
Employees:
251-500
IPO status:
Private
Total funding:
USD 300.2 mn
Last Funding:
USD 60.2 mn (Series C; Sep 2024)
Last valuation:
USD 570.3 mn (Sep 2024)
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