FOUNDED
Four banking and technology leaders. One shared purpose.
Form3 starts its business with a vision to simplify payments infrastructure.
COMPANY: OUR STORY
From Start-Up to Global Reach
Form3 was founded in 2016 to solve a persistent challenge for financial institutions: keeping pace with regulatory change while avoiding the cost and complexity of building, maintaining, or outsourcing legacy payments infrastructure.
As one of the first companies to apply cloud technology to payments, Form3 has built a multi-cloud, real-time platform that gives banks and fintechs access to domestic and international payment schemes through a single API. Operating across the US, UK, and EU, we help make payments faster, more secure, and more resilient as we work toward becoming the world’s most trusted payments infrastructure provider.
OUR MISSION
We empower banks and fintechs to deliver seamless, secure, and resilient payment experiences by simplifying the complexity of payments infrastructure, because behind every payment is a person, a business, or a moment that matters.
OUR HISTORY
Ten Years in the Making
2016
2017
PLATFORM FOUNDATIONS
The platform takes shape—and earns its first investment.
Form3 completes the initial build of its UK platform and closes its Series A investment from Barclays, Angel CoFund and angel investors.
2018
FIRST CUSTOMERS
Form3 goes live with its first banking customers.
Form3 launches with Ebury and LHV for FPS and Bacs, while closing its Series B investment from Molten Ventures, Barclays, Angel CoFund and several individuals.
2019
EUROPEAN EXPANSION
Form3 takes its platform to Europe.
Form3 launches its European capabilities, welcoming N26 as its first SEPA customer.
2020
STRATEGIC PARTNERSHIPS
Form3 gains the backing to scale its vision.
Lloyds Banking Group, Mastercard and Nationwide enter into a strategic commercial agreement with Form3, alongside a $33 million strategic equity investment from Lloyds, Mastercard and Nationwide, with participation from 83North and others.
2021
SCALING THE PLATFORM
Form3 expands its platform, partnerships and investment.
Aion Bank partners with Form3 to implement its next-generation payments platform. Form3 launches Payport+ for FPS connectivity and announces a $160 million Series C investment led by Goldman Sachs.
2022
US EXPANSION
Form3 brings its payments platform to the US.
Form3 launches its US market expansion, joins the FedNow Pilot Program and partners with Barclays to provide SEPA DNSP services. The company also secures an additional €23 million in debt funding from Atempo.
2023
NEW CEO APPOINTED
Mike Walters becomes Chief Executive Officer.
Co-founder Mike Walters was appointed CEO, leading Form3 into its next phase of growth and innovation while continuing to advance its mission to transform payments.
MODERNIZING AT SCALE
Form3 strengthens the infrastructure behind modern payments.
Form3 goes live with FPS Multi-Cloud, expands its relationship with Nationwide Building Society to modernize its digital payments system in the cloud with Accenture and is selected to support Klarna’s European payments. The company also extends its Series C with Visa with a focus on reducing fraud and increasing operational efficiency in real-time payments. Form3 sponsors a Payments Association Working Group focused on digital and financial crime.
2024
CONTINUED MOMENTUM
Form3 secures further investment to support its next stage of growth.
Form3 successfully completes a $60 million Series C extension, with new investment from British Patient Capital and existing shareholders.
2025
RESILIENCE & EXPANSION
Form3 advances payment resilience across the UK and US.
Form3 announces a proof of concept with Pay.UK for “XP” – a resiliency solution for the UK, partners with PagoNXT to launch US real-time payments capabilities, secures strategic investment from Nationwide and raises £25 million in debt financing from Kreos Capital.
2026
10 BILLION PAYMENTS
A decade of progress. The next chapter begins.
Form3 processes its 10 billionth payment as it celebrates ten years of building the infrastructure behind payments that cannot fail. From here, the journey continues.