Nationwide and BlackRock back Form3’s cloud payments push

By Vriti Gothi

Form3 has secured investment from Nationwide alongside a debt facility from funds and accounts managed by BlackRock. The funding marks a pivotal milestone in Form3’s growth journey, supporting product innovation, platform resilience, and the company’s final steps toward profitability.

The combined investments will enable Form3 to expand hosting options and enhance its cloud-native payments infrastructure, further strengthening its position as a trusted technology partner to global financial institutions. These enhancements will deliver new features and capabilities for Nationwide and benefit the wider Form3 customer community.

Building on its reputation as the foremost cloud-native payments platform, Form3 is accelerating the development of a fully integrated, global account-to-account payments ecosystem. The company’s continued momentum in the United States reflects its successful deployment of a localised, best-in-class Real-Time Payments (RTP) platform, designed to meet the needs of modern financial institutions seeking secure, scalable, and future-ready payment solutions.

The investment also deepens Form3’s longstanding relationship with Nationwide, which first invested in the company in 2020. As part of this expanded collaboration, Nationwide has extended its Faster Payments Service (FPS) managed service partnership by a further seven years, through to 2032, and will become an early adopter of Form3’s Payments Resilience Platform (PRP) a next-generation Software-as-a-Service (SaaS) solution designed to deliver unmatched reliability and uptime in payments processing.

Form3’s strong performance in the first half of 2025 underscores the company’s growth trajectory, achieving record results in both Q1 and Q2. With continued backing from leading global financial institutions, the firm is on course to significantly outperform its 2024 results and expects further acceleration from upcoming customer wins in the US over the next six months.

Benyam Hagos, Chief Financial Officer, Form3, said, “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 Technology and Payments, commented, “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.”s.