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Form3 Secures EUR23 million Funding To Continue Exponential Growth Journey
Form3, the leading cloud-native payment technology provider, today announces it has secured a EUR23 million venture debt facility to continue its rapid global expansion and follows its $160 million Series C funding led by Goldman Sachs last year.
The venture debt funding provided by Atempo Growth, – which counts among its LPs the European Investment Bank, Santander, and the British Business Bank – will enable Form3 to explore acquisitions, launch into new markets and support new product growth.
Michael Mueller, Form3’s CEO, commented: “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.”
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.
Luca Colciago, Atempo Growth’s Co-founder and Investor, said: “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.”
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