Form3
Form3 is a London-based cloud-native Payments-as-a-Service platform founded in 2016 that provides real-time payment scheme connectivity across the UK, Europe, and the US to Tier 1 banks and fintechs through a single API, processing over 4 billion transactions annually for clients including Nationwide, Lloyds, Barclays, J.P. Morgan, Klarna, and SumUp.
- Company typePrivate
- Founded2016
- HeadquartersLondon, United Kingdom
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What Form3 does
Form3 is a London-based cloud-native Payments-as-a-Service platform founded in 2016 that designs, builds, and runs payment technology infrastructure for financial institutions. The company serves Tier 1 banks and fintechs across the UK, Europe, and the United States, providing connectivity to major payment schemes (Faster Payments, Bacs, SEPA Instant, SEPA Credit Transfer, SEPA Direct Debit, FedNow, RTP, FedACH, and Fedwire) through a single RESTful API integration. Notable customers include Nationwide Building Society, Lloyds Banking Group, Barclays, J.P. Morgan, Klarna, SumUp, Mollie, GoCardless, and N26.
Form3's core technology is a multi-cloud (AWS, GCP, Azure) active-active-active microservices architecture built in Go with containerized services, CQRS patterns, NATS-based event streaming, and Terraform infrastructure-as-code. The platform processes up to 1,500 transactions per second and over 4 billion transactions annually for tier one banks. Differentiated proprietary features include the world's first full-fidelity payment scheme simulator, Form3 Trust Fabric for AI-driven certificate and vulnerability management with quantum readiness, Payment Orchestration for dynamic workflow configuration, and On-Us Payments for internal transaction processing that bypasses scheme costs. The company maintains ISO 27001/27017/27018/22301, SOC 2 Type II, SOC 3, and Cyber Essentials Plus certifications.
Form3 operates a subscription-based SaaS revenue model with pricing tied to transaction volumes and service tiers, supplemented by transaction processing fees. An Enterprise Edition licensing model supports self-managed on-premise or private cloud deployments delivered via approved strategic partners. Revenue is complemented by professional services for implementation, certification, and support. The company has raised over $220 million in total funding from Goldman Sachs Asset Management (Series C lead), Visa, British Patient Capital, Nationwide, and BlackRock, alongside venture debt from Atempo Growth, EIB, Santander, and British Business Bank. As of October 2025, Form3 is moving toward profitability with record quarterly results, enterprise field sales targeting Tier 1 banks, and active US market expansion following FedNow and RTP certifications.
Form3 firmographics
Firmographics- Name
- Form3
- Legal name
- Form3
- Website
- https://form3.tech
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Form3 is a London-based cloud-native Payments-as-a-Service platform founded in 2016 that provides real-time payment scheme connectivity across the UK, Europe, and the US to Tier 1 banks and fintechs through a single API, processing over 4 billion transactions annually for clients including Nationwide, Lloyds, Barclays, J.P. Morgan, Klarna, and SumUp.
- Ownership category
- akta.pro rank
Form3 industry classification
Industry- Product category
- Payment Processing Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN)
- akta.pro secondary industry
- Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB)
Keywords
Where Form3 is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Form3 business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Payments-as-a-Service Platform: Fully managed SaaS platform providing payment processing, scheme connectivity, and infrastructure management. Subscription-based model with pricing tied to transaction volumes and service tiers.
- Transaction Processing Fees: Revenue generated from processing payment transactions across supported schemes (FedNow, RTP, SEPA, FPS, Bacs). Platform processes over 4 billion in annual transaction volume for tier one banks.
- Enterprise Edition Licensing: Self-managed deployment model for organizations requiring on-premise or private cloud infrastructure control. Delivered directly or through approved strategic partners.
- Professional Services: Implementation, certification, and support services for Enterprise Edition deployments. Includes scheme certification and structured support services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Fully managed multi-cloud SaaS platform |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Form3 product offering
Product offeringCore offering
Form3 designs, builds, and operates a cloud-native Payments-as-a-Service platform that provides financial institutions with real-time account-to-account payment processing across US, UK, and European payment schemes (FedNow, RTP, FedACH, Fedwire, FPS, BACS, SEPA Instant, SEPA Credit Transfer, SEPA Direct Debit) via a single API integration. The platform runs on a multi-cloud microservices architecture across AWS, GCP, and Azure with active-active-active resilience, complemented by value-added services including Payment Scheme Simulators, Verification of Payee, Confirmation of Payee, Payment Orchestration, On-Us Payments, and Form3 Trust Fabric.
Product overview
Form3 is a cloud-native Payments-as-a-Service platform providing a unified payment infrastructure layer for financial institutions. The core Form3 Platform delivers real-time account-to-account payment connectivity across US, Europe, and UK markets through a single API integration. Regional offerings include US Payments (RTP, FedNow, FedACH, Fedwire), EU/SEPA Payments (SEPA Instant, SEPA Credit Transfer, SEPA Direct Debit), and UK Payments (Faster Payments, BACS). The platform is complemented by value-added modules including Payment Orchestration for dynamic workflow configuration, On-Us Payments for internal transaction processing, Verification of Payee (VoP) for European fraud prevention, and Confirmation of Payee (CoP) for UK payment security. Additional products include Form3 Enterprise Edition for self-managed deployments, Payment Scheme Simulators for testing, and Form3 Trust Fabric for cryptographic certificate and vulnerability management. The multi-cloud architecture operates across AWS, GCP, and Azure with active-active-active configuration.
Differentiator
Problem solved
Functional benefit
Products and services
- Form3 Platform (Payments-as-a-Service) Cloud-native Payments-as-a-Service platform providing real-time account-to-account payment processing and connectivity to payment schemes across US, Europe, and UK markets through a single API integration, designed for financial institutions including Tier 1 banks and fintechs.
- Form3 Enterprise Edition Self-managed deployment model extending the production-proven payments platform for institutions requiring on-premise or private cloud deployment while retaining infrastructure ownership, delivered directly or through approved strategic partners including Accenture, Publicis Sapient, GFT, Endava, and Icon Solutions.
- Payment Scheme Simulators World's first full-fidelity payment scheme simulator providing a non-live testing environment identical to production for testing FPS, SEPA, FedNow, RTP, and other schemes with the same API structure as production, used by financial institutions for edge cases, integration testing, and new scheme launches.
- Form3 Trust Fabric Cloud-native trust layer providing continuous discovery, validation, and enforcement of TLS certificates to eliminate blind spots and prevent failures for institutions operating at scale, including automated AI-driven vulnerability scanning and remediation plus quantum readiness assessment.
- US Payments Full suite of US ACH and real-time clearing services including RTP, FedNow, Fedwire, FedACH, and EPN accessed through a single API integration, providing US payment scheme connectivity with multiple access model options for US-based banks and financial institutions.
- US Instant Payments (RTP/FedNow) Real-time payment connectivity for US markets through The Clearing House RTP network and FedNow, offering both Direct Settling and Direct Non-Settling participation models with intelligent routing between schemes.
- US ACH Payments ACH credit transfer services through EPN and FedACH clearing systems for processing US credit transfers, supporting both Direct Settling and Direct Non-Settling participation models.
- EU/SEPA Payments Full suite of SEPA services through a single API including SEPA Instant Credit Transfer, SEPA Credit Transfer, and SEPA Direct Debit (Core and B2B) for banks and payment service providers across the SEPA region.
- SEPA Instant Credit Transfer Real-time euro payments across the SEPA region available 24x7/365, offering both Direct Settling (via TIPS) and Direct Non-Settling participation models for SEPA-region banks and payment service providers.
- Verification of Payee (VoP) Account name verification solution for European payments that matches payee details before payments are processed to prevent fraud and misdirected transactions, processing within maximum 3 seconds and enabling compliance with EU Instant Payment Regulation requirements.
- UK Payments Single API integration for all UK payment schemes including Faster Payments Service and BACS, providing multiple access model options including direct and sponsored participation for UK financial institutions.
- UK Instant Payments (Faster Payments) Real-time bank-to-bank payments in the UK via Faster Payments Service with transactions up to GBP 1,000,000, offering both Direct Settling and Sponsored Participant access models with implementation in as little as 8 weeks.
- UK BACS Payments Bacs payment processing for Direct Debits and Direct Credits, supporting Direct Settling and Sponsored Participant models with transactions up to GBP 20 million for UK financial institutions.
- Payment Orchestration Payment workflow orchestration solution that coordinates calls between internal and external systems, enabling banks to dynamically configure and reconfigure payment flows without manual validation.
- Confirmation of Payee (CoP) UK account name checking service covering Faster Payments, Bacs Direct Credits, and CHAPS that protects payers against authorized push payment scams by confirming payments are routed to the intended recipient, supporting both Requester and Responder roles with real-time event subscription.
- On-Us Payments Intra-company or inter-company transaction processing that enables transactions within the same bank or banking group to be made without pushing payments to the scheme, reducing scheme processing costs, avoiding scheme outage impacts, and expediting processing times.
Quantifiable outcome
- Over 4 billion in annual transaction volume processed for tier one banks including Nationwide, Lloyds, and Barclays
- +3 more outcomes
Companies that use Form3
Customer profileNamed customers13 records
Segments4 records
Ideal customer profiles3 records
Form3 technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature7 records
Form3 partnerships and signals
Strategic signalPartnerships
19 partnerships are on record, tiered flagship and core.
- SumUpflagshipExpanded strategic partnership extending Form3's platform to support European SEPA schemes including SEPA Instant, SEPA Credit Transfer, and SEPA Direct Debit. SumUp serves 4+ million merchants across 37 countries. Builds on existing UK payments partnership for FPS and Bacs.
- MolliecoreSuccessful delivery of compliant Verification of Payee (VoP) solution for European payments provider. Enables regulatory compliance and enhanced payment security for merchants.
- IBM Cloud for Financial ServicescoreForm3's cloud-native instant payments technology available on IBM Cloud for Financial Services. Enables financial institutions to modernize payments systems on industry-specific platform addressing resiliency, performance, security and regulatory compliance. Multi-scheme payment simulator coming to IBM Cloud marketplace.
- PingPongcoreVerification of Payee (VoP) solution for SEPA account validation, implemented five months ahead of regulatory deadline. PingPong provides embedded cross-border payment solutions for enterprises.
- IFX PaymentscoreVerification of Payee solution for SEPA account validation, strengthening fraud defenses and aligning with Instant Payments Regulation mandate.
- KlarnacoreSEPA connectivity for AI-powered payments network and shopping assistant to bolster customer offering in Europe as part of international growth strategy. Serves 85+ million consumers.
- GoCardlesscoreBacs payment connectivity to support scale up of UK operations for the bank payment company.
- Thought MachinecorePartnership to bring real-time payment technology to US and European markets. Cloud-native core banking integration.
- Lloyds Banking GroupflagshipStrategic partnership to accelerate digital transformation programme. Cloud-native real-time payment platform implementation. Lloyds representative David Thomasson serves on Strategic Advisory Board.
- BarclaysflagshipInnovative solution enabling fintech access to SEPA Instant. Close collaboration on SEPA Credit Transfer alongside SEPA Instant. Barclays representative Karen Braithwaite serves on Strategic Advisory Board.
- LHVcorePartnership to deliver real-time payments in UK and Europe. SEPA Credit Transfer service alongside SEPA Instant proposition jointly launched in 2020.
- AccenturecoreStrategic partner for payment platform implementations. Celent Model Bank Award in partnership with Nationwide and Accenture. Global systems integrator delivering large-scale transformation programmes.
- Publicis SapientcoreStrategic partner for digital transformation and payment system implementations.
- GFTcoreStrategic partner for financial services technology implementations.
- EndavacoreStrategic partner for payment technology delivery and implementation services.
- Icon SolutionscoreStrategic partner for payment system implementations and consulting.
- PismocoreStrategic partner for core banking technology integration.
- Amazon Web Services (AWS)coreAdvanced Amazon Technology Partner with Financial Services competency. Multi-cloud architecture includes AWS as primary infrastructure provider alongside GCP and Azure.
- Google Cloud Platform (GCP)coreMulti-cloud architecture includes GCP alongside AWS and Azure. Active-active-active configuration for resilience.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Form3 competitors and assessment
Company assessmentEmerging players
- Marqeta: Cloud-native card issuing and payment processing infrastructure for modern fintechs. Different primary use case (card issuing vs. A2A) but competes for the same modern fintech payments infrastructure wallet and developer mindshare.
Broad incumbents
- Adyen: Global payment processor serving large merchants with unified acquiring and processing. Adjacent rather than direct — competes for enterprise payments budgets but focuses on merchant acceptance versus Form3's bank-rail focus.
- Fiserv: Major US-headquartered fintech providing merchant acquiring, bank payments, and account processing. Overlaps with Form3 in real-time payments and bank-side processing, particularly around FedNow and RTP.
- Finastra: London-headquartered banking software provider with a broad payments and core banking suite. Directly competes with Form3 in UK and European banks for scheme connectivity and payment modernization.
- Temenos: Swiss banking software vendor serving retail, corporate, and wealth banks globally. Competes with Form3 in payment processing modules within its core banking suite, particularly for European and emerging market banks.
- FIS: Global financial technology incumbent offering a broad portfolio of payment processing, core banking, and capital markets software. Direct competitor to Form3 in banking-grade payments infrastructure with deeper incumbent relationships across US Tier 1 banks.
- Jack Henry: US-focused banking technology provider to community and mid-tier banks. Competes with Form3 in ACH, FedNow, and RTP connectivity for the US regional bank segment.
Direct peers
- Thought Machine: London-based cloud-native core banking vendor and explicit Form3 partner. Competes adjacent in modern core banking deals where Form3 provides the payment rail layer; strong overlap in US/UK Tier 1 go-to-market.
- Icon Solutions: UK-based payments consultancy and IPF (Instant Payments Framework) provider focused on Faster Payments, Bacs, and SEPA Instant. Directly comparable to Form3 in UK scheme connectivity and certification.
- Pismo: Visa-owned cloud-native payment processing platform serving issuers, acquirers, and fintechs. Direct competitor in payment orchestration and processing infrastructure; overlaps with Form3 in core banking and fintech integrations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Form3 social profiles
Digital presenceForm3 compliance and trust
Trust signalCompliance7 records
Form3 financial estimates
Financial estimateRevenue estimate
Valuation estimate
Form3 leadership team
Management profileNumber of profiles
Profiles19 records
Form3 funding detail
Funding detailFunding overview
Funding rounds10 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Form3 M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Form3
What does Form3 do?
Form3 designs, builds, and operates a cloud-native Payments-as-a-Service platform that provides financial institutions with real-time account-to-account payment processing across US, UK, and European payment schemes (FedNow, RTP, FedACH, Fedwire, FPS, BACS, SEPA Instant, SEPA Credit Transfer, SEPA Direct Debit) via a single API integration. The platform runs on a multi-cloud microservices architecture across AWS, GCP, and Azure with active-active-active resilience, complemented by value-added services including Payment Scheme Simulators, Verification of Payee, Confirmation of Payee, Payment Orchestration, On-Us Payments, and Form3 Trust Fabric.
Is Form3 a public or private company?
Form3 is a private company. It is classified as venture growth investor backed and is currently operating.
When was Form3 founded?
Form3 was founded in 2016. It employs 251 to 500 people.
Where is Form3 based?
Form3 is headquartered in London, United Kingdom, in the Europe region.
How does Form3 make money?
Four revenue lines are on record. Payments-as-a-Service Platform is the primary driver. The others are transaction Processing Fees, enterprise Edition Licensing and professional Services.
Who are Form3's main competitors?
Marqeta is listed as an emerging player. Broad incumbents are Adyen, Fiserv, Finastra, Temenos, FIS and Jack Henry. Direct peers are Thought Machine, Icon Solutions and Pismo.
Does Form3 have an API?
Yes. Form3 provides a JSON RESTful API for payment processing, scheme connectivity, and account management. The API enables financial institutions to access multiple payment schemes through a single integration. The platform offers a sandbox environment and scheme simulators for testing. Authentication uses secure request signing for confidentiality, data integrity, message authentication and non-repudiation. Developer documentation is at www.api-docs.form3.tech.
What industry is Form3 in?
Form3's product category is Payment Processing Infrastructure. Its primary akta.pro industry code is FSAGABAN, Payouts, Disbursements & Mass Payments Infrastructure, with a secondary code of FSABAIAB, Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards). Its NAICS code is 522320 and its SIC code is 7370.