Form3 Secures $13 Million in Series B Funding Round

[kreslik.news]

Form3, a cloud technology provider of Payments-as-a-Service processing for banks and regulated fintech companies, announced today that it has received a cash injection of $13 million in a series B funding round lead by venture capital firm Draper Esprit plc with existing shareholders Barclays Bank plc, Angel CoFund and several individuals.

The firm will use the funds to further its mission to tackle a big problem in the financial industry – sending and receiving payments in real time. Form3’s platform reduces the time it takes to deploy new propositions and reduces operating costs. This means foreign exchange ... (read more)