Series A · Fintech · Paris, France · Founded 2021 · 11–50 employees
Formance is a Paris-based fintech infrastructure company offering an open-source, cloud-native platform that enables developers to build and manage complex financial applications. Its core product is a programmable ledger that provides real-time, immutable, and audit-ready transaction records, simplifying the development of financial back-ends. Founded in 2021, Formance has secured a $21 million Series A funding round co-led by PayPal Ventures and Portage Ventures to expand its open-source financial infrastructure.