The new commercial partnership between Visa and cloud-native Form3 focuses on reducing fraud in real-time account-to-account payments and modernising the companies’ payment infrastructure.

Form3 on Sept. 12 announced that Visa had invested in its cloud-native account-to-account (A2A) platform. Besides that, Form3 will provide Visa’s clients with access to its payments platform.

“Today’s Visa funding and partnership announcement demonstrates the confidence that they have in Form3’s ability to deliver for their customers. We are delighted with this unique partnership we have built in collaboration with Visa which enables us together to continue to offer best-in-class services for the world’s most established banks and financial institutions.”

Michael Mueller, Form3’s CEO

The undisclosed amount of investment from Visa will enable Form3 to fuel its growth, develop new products and services, and expand its real-time payment solutions into new territories.

Founded in 2016, Form3 provides an enterprise-grade payments-as-a-service technology platform in the cloud environment. It combines an AWS cloud processing platform with micro-services architecture and APIs, multiple-scheme payment gateways, and a fully managed 24×7 service model.

Based in London, UK, the startup has already won numerous awards in the fintech segment and gained clients among regulated financial institutions, including leading banks, non-bank financial institutions, and fintech companies (payment institutions, e-money providers, and pre-paid card providers).

In July, the platform received certification for the Federal Reserve’s new instant payment system FedNow. Form3 has been a part of the FedNow Service Pilot Program since 2022 when technical testing started.

Since Sept. 11, the Form3 executive team has been strengthened with NatWest’s Matt Tuck as the startup’s new Chief Commercial Officer.