Form3 Financial Cloud Secures $5 Million Funding Led By Barclays

[kreslik.news]

British bank Barclays (BARC.L) has joined Angel CoFund and several individual investors to back the UK-based fintech firm Form3 Financial Cloud, which provides cloud payments technologies for financial institutions through a SaaS delivery model.

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Under the structure of the deal announced on Tuesday, the group of investors has joined the existing shareholders in raising $5 million in a bid to support the next phase of growth opportunities for the company.

This funding will be utilized by Form3 for fuelling innovations in digital payments and further strengthening its products ... (read more)