EU· 8min July 6, 2022
Collaboration will enable Seedrs to utilise real-time payments for a more efficient and effective service to customers
Seedrs, the leading private investment platform with over £1.9BN investments to date, has chosen Form3, the leading cloud-native payment technology provider, and LHV UK, a banking services provider to over 200 fintech companies, to enable it to access UK Faster Payments and SEPA Instant Payments in Europe, to augment its customer offering.
The new payment capability will support Seedrs’ efforts to make it easier and faster for retail investors to invest in innovative, fast-growth European businesses. The integration of Form3 will provide Seedrs’ users with real-time payments for account funding – the next step in its business development.
Charlie James, Seedrs’s Head of Finance & Business Intelligence, commented: “As a leading private investment platform, we need partners that can provide payments and services that makes investing on our platform seamless, transparent and quick to support. In Form3 and LHV UK we’ve found agile and reliable collaborators who can help Seedrs expand its UK and European offering.”
The new collaboration is underpinned by Form3’s cloud-API technology and LHV UK’s banking infrastructure and regulatory expertise to provide Seedrs with real-time payments for account funding and reconciliation services, safely adhering to banking regulations. This will greatly benefit Seedrs’ businesses and the investors who support them.
Andres Kitter, Deputy CEO of LHV UK, said: “Seedrs is one of the most reputable fintechs, having launched in the UK ten years ago. They continue to democratise equity crowdfunding across the UK and Europe, and LHV UK, in partnership with Form3, is thrilled to support their continued expansion. We are uniquely positioned to provide multi-currency CASS account infrastructure and access to real-time payment schemes across multiple jurisdictions. We shall do our best to assist Seedrs with their ambition of building the best global private equity marketplace.”
The new payment collaboration is due to go live in August.
Paul O’ Grady
Good Advice PR
M: +49 17682374030
Form3 design, build and run the technology that powers the future of payments. Founded In 2016, Form3 set out to revolutionise the world of payment processing and disrupt the traditional payment infrastructure model, with an always on, cloud-native, Payments-as-a-Service platform. Today, Form3 is trusted by some of UK and Europe’s biggest Tier1 banks and fastest-growing fintechs to handle their critical payments architecture. Form3 has been awarded Best Cloud Payments Platform 2021 by Paytech and Fintech Finance, most influential fintech company in 2021 by The Financial Technologist and ranked in the Top European Fintechs to watch by Sifted 2020
Seedrs is a leading online investment platform. It allows investors to buy and sell shares in private companies, and ambitious entrepreneurs to gain investment for their businesses while building communities in the process. Since its launch in 2012, Seedrs has funded over 1,600 deals, with over £1.9 billion invested on the platform to date. Businesses that have successfully raised funds with Seedrs include: Revolut, Perkbox, Wealthify (sold to Aviva), Tandem, FreeAgent (sold to RBS), Allplants, Stamplay (sold to Apple), Chapel Down, Assetz Capital, Courier (sold to Mailchimp), THIS, Humble Grape, JAJA Finance and Mindful Chef (sold to Nestle). Seedrs is backed by leading European institutional investors as well as over 4,600 of its own customers.
About LHV UK
LHV UK is a leading banking services provider to over 200 fintech companies, including Paysafe, Blockchain, Currencycloud, Coinbase, Trustly, Monese and Wise. Its clients vary from fintech unicorns and digital asset companies to established financial institutions with a global reach. LHV UK offers several innovative banking services, including instant EUR and GBP payments, agency banking, virtual IBANs, safeguarding accounts, multicurrency accounts, and FX.
LHV UK is the founding member and leader in instant EUR payments, processing 8% of the total transactions in Europe. Its clients reach 500 million end-customers in the UK and Europe by making and collecting payments. In February 2022, LHV UK submitted its full UK banking license application, which is subject to regulatory approval by the Prudential Regulatory Authority and Financial Conduct Authority.