Form3, a UK-based fintech startup specializing in open data payment connectivity solutions, has raised $60 million from British Patient Capital, bringing its Series C funding to $220 million and valuing the company at approximately $570 million. Founded by former Barclays executives Mike Walters and Michael Mueller, along with CTO Steve Cook, Form3 provides APIs that enable banks and fintechs to offer efficient payment services such as instant transfers and fraud protection; it currently handles over 50% of the UK’s non-cash payment volume. Despite a challenging funding environment, the company plans to use the new capital to expand globally, particularly in the U.S. market, aiming to double its processing volume in the next year.
Form3, a Quiet Giant in UK Fintech, Raises $60M at $570M Valuation
