Payments tech firm Form3 has secured a strategic investment from Nationwide alongside a debt facility from funds and accounts managed by BlackRock.

The global account-to-account payments infrastructure platform will use the funds to expand in the United States and says it is now on the cusp of profitability.

The investment from Nationwide deepens a long-standing relationship with Form3, following an initial investment in the firm in 2020.

Visa and British Patient Capital invested in Form3 last year as part of a Series C extension.