Formance raises €18.9M Series A round
29 January 2025· Paris, France· finance, fintech, industrial_software, pure_software, b2b, open_source
The company plans to use the funding to scale its core ledger technology into new international markets, fuel expansion across the US and Europe, open a New York office, and expand its workforce from 20 to 50 employees by the end of 2025, focusing on engineering and product development.
Investors
LeadPayPal Ventures
Also participating
Y CombinatorAxeleo CapitalHoxton VenturesPortage
About Formance
Stage
Series A
Headquarters
Paris, France
Founded
2021
Team Size
21–50
Sectors
financefintechindustrial_softwarepure_softwareb2bopen_source