Cloud payment technology provider Form3 has completed its investment round, raising $33mn.
In Brief:
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New investors include Lloyds Banking Group, Nationwide Building Society and 83North.
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They join existing shareholders Draper Esprit, Angels Co-Fund and Barclay’s.
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Form3 allows banks and FinTechs to boost connectivity by addressing infrastructure challenges through cloud technology and APIs.
What does this mean?
Form3’s latest capital injection comes after a successful Series B round at the end of 2018. Since then it has experienced a significant increase in revenue. Form3 says it will use the funding to strengthen its technology and expand in new and existing markets.
