Form3 secures investment from Nationwide and BlackRock for US push

Source: Chatsworth Communications

Form3, the cloud-native global account-to-account payments infrastructure platform, has secured a strategic investment from Nationwide, the world’s largest building society, and a debt facility from funds and accounts managed by BlackRock to accelerate further product development and growth in the US market.

These investments will fund the company through to profitability by enabling Form3 to invest in hosting options and continued platform development. Form3 will provide new features to Nationwide and for the benefit of all Form3 customers.

This reinforces Form3’s position as the leading cloud-native payments platform. Building on this momentum, Form3 will accelerate the development of a fully integrated platform that empowers global vendors to transform their payments infrastructure. Form3 continues its successful expansion into the US market, having created a fully localised, best-in-class platform for real-time payments for US players.

This investment from Nationwide deepens a longstanding relationship with Form3, following an initial investment in the firm in 2020. Nationwide has now extended its Faster Payments Service (FPS) managed service partnership by a further seven years, through to 2032, and signed on as an early adopter of Form3’s new Payments Resilience Platform (PRP) Software-as-a-Service solution, underscoring its trust in Form3’s offering. Form3 will provide new features to Nationwide and for the benefit of all Form3 customers.

Backed by a community of the world’s leading financial institutions as investors and customers, Form3 continues to build momentum, delivering its strongest ever first half, with record results in both Q1 and Q2 2025. The company is set to outperform last year’s performance significantly and continues to sharpen its strategic focus on the US market, which is set to add incremental growth from new customer wins over the coming six months.

Benyam Hagos, chief financial officer at Form3, says: “Nationwide is a heavyweight in financial services, and clearly recognises Form3’s global path to success as the only cloud-based infrastructure platform for efficient, unified real-time payments globally. Our long-standing partnership has already led to Form3 deploying some of the most advanced and resilient payment solutions globally.

“This further investment from Nationwide, alongside the debt facility from funds and accounts managed by BlackRock provides the final key for our path to profitability.”

Otto Benz, Nationwide’s director of customer sechnology and payments, comments: “We are thrilled to continue to partner with Form3, backing their already impressive multi-cloud SaaS capabilities. Leveraging Form3’s technology allows us to offer our customers an added level of reassurance that we will be there to support them and their payments when it matters.”

The funding announcement follows prior investments in 2024 from both Visa and British Patient Capital, and serves as an endorsement of Form3’s ability to deploy its next-generation payments infrastructure on behalf of major financial services players in the UK, Europe, and increasingly now the US.

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