Written by 11:07 pm EU Investment

Form3 secures €23 million to continue rapid market expansion

London-based Form3 announced it has secured €23 million in funding from Atempo Growth. The funding will support acquisitions, new market and new product growth.

The cloud-native payment technology provider’s latest funding follows its $160 million Series C funding led by Goldman Sachs last year.

The venture debt provider, Atempo Growth, counts among its LPs the European Investment Bank, Santander, and the British Business Bank

Founded in 2016, Form3’s API-based cloud technology solutions are used by financial institutions such as Goldman Sachs, Lloyds Bank and Nationwide Building Society to deliver mission-critical payments.

“The current environment is presenting us with new opportunities, both in terms of new markets and potential acquisitions. The Atempo facility will enable us to accelerate our growth and continue to offer market-leading cloud payments solutions to the world’s largest banks,” said Michael Mueller, Form3’s CEO.

“We’re delighted to be supporting such a fast-growing and successful company such as Form3. This investment will further support Form3’s journey to provide best-in-class solutions for the world’s biggest financial institutions,” said Luca Colciago, Atempo Growth’s co-founder and Investor. 

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