Form3 Raises $60M Series C Extension for Cloud Payment Infrastructure

Form3, a UK-based payments technology company providing cloud-native payment processing infrastructure, raised $60 million in a Series C extension round in September 2024. The round was backed by new investor British Patient Capital, the commercial subsidiary of the British Business Bank. Form3 offers an API-first platform that enables banks and fintech companies to process payments through cloud-based infrastructure, positioning it squarely in the BaaS and embedded finance ecosystem.

The funding is earmarked for product development and growth in key markets. Form3's platform serves as critical plumbing for financial institutions seeking to modernize their payment rails without building from scratch. The raise comes amid continued investor interest in payments infrastructure despite broader mixed conditions in fintech funding markets.

Financial terms beyond the $60 million headline figure were not disclosed.