Form3, a London, UK-based platform for global payments processing, secured $5m in Series A funding.
Backers included Barclays, the Government-backed Angel CoFund, and several individual investors.
Led by Michael Mueller, CEO, Form3 provides a cloud-based secure platform for global payments processing.
The company intends to use the funds to to expand its team and expand services across Europe and North America and to continue expanding its API based Payments-as-a-Service platform to offer clients real-time and interbank payment types. In addition to the current offering for UK Faster Payments, Bacs, CHAPS, SEPA and SWIFT, Form3 will launch SEPA real-time services from November 2017 and US real-time from early 2018.