Finance Breaking news Form3 raises £33 million with support from Nationwide and Lloyds last financial news

Breaking-Finance.Com - Lloyds Banking Group and Nationwide have contributed to a £33 million funding round in cloud-native payments technology house Form3.

Finance Breaking news Form3 raises £33 million with support from Nationwide and Lloyds last financial news

Breaking-Finance.Com - Lloyds Banking Group and Nationwide have contributed to a £33 million funding round in cloud-native payments technology house Form3.

Finance Breaking news Form3 raises £33 million with support from Nationwide and Lloyds last financial news
18 August 2020 - 11:25

Breaking-Finance.Com - Lloyds Banking Group and Nationwide have contributed to a £33 million funding round in cloud-native payments technology house Form3. The new shareholders include Lloyds Banking Group, Nationwide Building Society and venture capital firm 83North. Draper Esprit has also re-invested following its participation in November 2018. The new shareholders join existing investors Angel Co-Fund and Barclays.

. Michael Mueller, chief executive officer at Form3 says: “The big trend is that cloud-native solutions are now becoming part of almost every core strategy for managing mission critical infrastructure among Tier1 banks and fintechs.”Form3 was founded in 2016 by a team of industry veterans from Deutsche and Barclays, Swift, Barclaycard and Gain Capital Payments. Following its £13 million Series B funding round in November 2018, the firm has since trebled in size and increased its annual recurring revenue by 160%.

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Finance Breaking news Form3 raises £33 million with support from Nationwide and Lloyds last financial news


Finance Breaking news Form3 raises £33 million with support from Nationwide and Lloyds last financial news


Finance Breaking news Form3 raises £33 million with support from Nationwide and Lloyds last financial news


Finance Breaking news Form3 raises £33 million with support from Nationwide and Lloyds last financial news

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