UK-based Form3 is reshaping how financial institutions handle payments. The startup has announced a $60 million raise, closing out its Series C at $220 million and pushing its valuation to $570 million.
British Patient Capital led the round, joined by prominent investors such as Visa, Goldman Sachs, and Mastercard. Form3’s CEO, Mike Walters, shared that this funding will fuel global expansion, including their push into the U.S., where they aim to double their processing volume in the next 12 months.
Amid the ongoing economic challenges, financial institutions are searching for ways to lower operational costs while driving growth. Form3 has risen to this demand by providing API-based payment solutions that are fast, secure, and scalable—transforming inefficiencies that its founders once experienced firsthand at Barclays.
Reacting to Visa's investment in the company, Michael Mueller, Form3’s CEO, says: “Today’s Visa funding and partnership announcement demonstrates the confidence that they have in Form3’s ability to deliver for their customers. We are delighted with this unique partnership we have built in collaboration with Visa which enables us together to continue to offer best-in-class services for the world’s most established banks and financial institutions.”
With a client roster that spans fintech giants like Klarna and N26, Form3 is already processing over 50% of non-cash payments in the UK. As the company prepares for its next growth phase, it's proving to be more than just a quiet giant—it's a force driving the future of modern financial infrastructure.
Tom Haywood, Managing Director, Direct Investments, British Patient Capital, said: “Form3 has built a leading solution for a challenge that banks worldwide are facing: how to transition to a modern, future-proof payments infrastructure. We are delighted to support them as they take the next steps in their growth journey”.
The funding will enable Form3 to develop new products and services to help support exponential growth in key markets such as the UK, Europe and the US.
