Form3

Form3 is a cloud-native platform for connecting to national real-time payment schemes, including Faster Payments, SEPA, FedNow and TCH RTP. It was founded in 2016 and is based in London, with coverage in the United Kingdom, the European Union and the United States.

Platform The product list includes multi-cloud payment-as-a-service, Faster Payments, SEPA Instant, FedNow, Bacs and Confirmation of Payee. Instead of building direct scheme connections, a bank or fintech can use Form3 as the infrastructure layer for sending and receiving payments.

Scale and funding The company says it has raised more than 220 million dollars from investors including Goldman Sachs, Visa and Lloyds, and that it handles critical interbank traffic.

Who it suits Target customers are tier-1 banks, EMIs, PSPs and fintechs. The model is an enterprise PaaS contract; fees, scheme coverage and onboarding timelines are agreed individually.