Company Overview

Formance is a Paris-based financial infrastructure company that provides open-source ledger and payment orchestration tools for fintechs, vertical SaaS platforms, and financial institutions. Founded in 2021, the company raised $21M Series A in January 2025 led by PayPal Ventures and Portage Ventures after achieving 10x revenue growth, and serves global customers including Doctolib, Liberis, and Booksy. Formance positions itself as "AWS for fintech infrastructure," offering programmable ledgers, transaction databases, and reconciliation automation through its developer-focused platform.

Revenue
$21M
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Emerging Innovator

Formance is an emerging player bringing innovative solutions to the Finance market.

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