Draper Esprit and Barclays back London fintech Form3 in $13m funding round

Payments technology fintech startup Form3 will today reveal the close of a $13m (£10.1m) series B fundraising round, led by Graze and Perkbox-backer Draper Esprit.

Existing investors Barclays Bank, Angel Cofund and several other individual backers also participated in the round.

Established in 2016, the Monument-based startup builds payments-processing technology for banks and fintech firms such as N26, Tandem Bank and Starling Bank. It was founded by former Barclays global head of cash management Michael Mueller.

Form3 said the funding will be used to build on its existing presence in the UK and Europe, by developing additional services, hiring more staff and expanding into new international markets.

You can read the full story on the City AM website here