Formance enables Platforms and Fintech companies to build modern financial applications composing payments, banking, lending, investing, and insurance through complex fund flows. Formance provides an agnostic infrastructure, allowing them to build and operate sophisticated fund flows with the financial service providers of their choice. Our open source and modular components ensure flexibility, ownership, and a shorter time-to-market. The Formance Platform comes with four services: Ledger, Connectivity, Flows, and Reconciliation. Each service integrating seamlessly with one another, providing a scalable and extensible financial core system.
Lien externe pour Formance
New York City, US
Formance a republié ceci
Had a great chat with Michele Mattei earlier this month -- we talked about what it really takes to launch a fintech startup from scratch, the xp of going through Y Combinator, navigating the funding environment in 2024, and how to close a round in 3 months. Link in comments
Formance a republié ceci
The latest episode of #Builders. In this episode, I sit down with Anne-Sybille Pradelles, co-founder of Formance. Anne-Sybill has a very interesting profile, coming from a financial background through experiences at Credit Suisse and Axa Venture Partners, she then went deep dive on the startup ecosystem, working in cybersecurity startups before discovering her passion for the fintech industry. Formance enables Platforms and #Fintech companies to build modern financial applications composing payments, banking, lending, investing, and insurance through complex fund flows. After going through the program at Y Combinator, they raised a $21 million series A. With her, we will deep dive on the experience of launching a fintech startup from scratch, the funding environment in Europe, but also the feeling of going through Y Combinator and how to raise a round in less than 3 months. You can find a short extract here, and the full episode in the first comment.
Formance a republié ceci
🇺🇸 Formance is hiring in NYC 🇺🇸 We’re building the open-source financial infrastructure that powers modern money movements -- and we’re actively hiring for key GTM roles in NYC: 📌 Founding Account Executive 📌 Customer Success Manager 📌 Pre-Sales Engineer 📌 Solutions Engineer (Post-Sales) > If you know someone who’d be a great fit, feel free to share or reach out directly > Apply here: link in comment, or at jobs@formance.com #Hiring #Fintech #Jobs
Formance a republié ceci
If you think a ledger is just a collection of balances, this article is for you > Link in comment Clément Salaün Don G. Formance
Formance a republié ceci
Our Paris office is up for grabs! We’re saying goodbye to our current office as we move to a new one to welcome new team members this year. If you’re looking for a fully equipped, centrally located office in Paris -- perfect for a startup -- drop me a DM. > Prime location: right at Strasbourg Saint-Denis metro > Spacious & bright: 2 large open spaces + 1 private office > Fully equipped: brand-new, furnished, with a kitchenette > 4th floor with elevator > Available from April 2 #Paris #Office #Startup Formance
Formance a republié ceci
Join the Formance rocketship! Key roles open for the NYC office. Pre-sales solution engineer: https://lnkd.in/ee5xZxjD Founding AE: https://lnkd.in/eCnt8Nmu cc: Anne-Sybille Pradelles, Clément Salaün, PayPal Ventures, PayPal
I’m thrilled to announce that Formance has secured $21M in Series A funding, co-led by PayPal Ventures and Portage This milestone marks a significant step forward in our mission to empower developers with Open Source Financial Primitives > providing the tools to build, scale, and own tailor-made financial flows and products. We began our journey in 2021 with our Open Source Core Ledger, which has since become a foundational component for global companies such as Doctolib, Liberis, Booksy, and B.TECH. The idea and thesis we had back then was simple: a Core Ledger (i.e. a transactional database) is the common denominator of all sophisticated financial products. Whether built by fintech pure players or vertical SaaS platforms, it serves as a critical building block. This has been successfully validated by our growing and diverse customer base, which has leveraged Formance products across industries and regions to express the unique logic and specificities of its business cases. But building the best open-source Ledger was only the beginning of our journey. Our ambition extends far beyond this, as does our product roadmap for the quarters and years ahead. We’re building a comprehensive suite of agnostic infrastructure services, designed to create and operate bespoke flows of funds and financial products, with any type of financial partner. It includes everything from reconciliation to end-to-end workflow automation designed for engineering teams, as well as upcoming modules tailored for financial and compliance teams. This new funding will fuel Formance’s expansion across the US and Europe and accelerate our vision of building a full-scale platform for any company that moves money. A heartfelt thank you to our investors who believe in our vision and support our journey: Ashish Aggarwal, Hélène FALCHIER, Victoire de Lavigne, Dalton Caldwell, Aaron Epstein, Rob Kniaz, Payton Dobbs, Mathieu Viallard. To the phenomenal Formance team, our business angels and advisors, and especially Pierre Y. and Réna Kakon who have been our first and unwavering cheerleaders. Check out the full story on TechCrunch (link in comment) #Fundraising #SeriesA #Fintech #OpenSource
Formance a republié ceci
What does it take to build an Open Source company in fintech? Great chat between Eric Anderson (Contributor Podcast) and my co-founder Clément Salaün , where they dive into: - How Clem’s fintech journey started… in Minecraft 🎮 - The European OSS landscape - The unique ratio of community size to GitHub stars at Formance ⭐ - The influence of crypto on what we’re building - Why splitting an open source project into multiple repositories makes sense Check it out 👉 https://lnkd.in/eNFeeQcv
Formance a republié ceci
It couldn’t be said better than coming from the mouth of one of our customers! At Formance, we’re building the financial infrastructure that allows companies like Liberis to scale globally without adding complexity. Seeing them expand into 6 new markets and 3 product pilots while streamlining operations is exactly why we do what we do. It was great to collaborate with the Liberis team and Tito Sarrionandia, their VP of Engineering, to make this happen!
🔹 How do you build a ledger that scales with global expansion? At Liberis, our ledger needed to support 6 new markets and 3 product pilots—without adding unnecessary complexity. We evaluated build vs. buy options and ultimately partnered with Formance to streamline operations. 🚀 Key lessons learned: ✅ Collaboration is key —deep alignment between finance and engineering removes friction and drives smarter, faster decisions. ✅ Scalability starts with infrastructure —a well-designed ledger makes it easier to expand into new markets and launch new products. ✅ Not everything needs reinventing —choosing a modular, scalable solution lets us focus on innovation, not maintenance. The result? Less manual reconciliation, better automation, and stronger finance-tech collaboration. Here’s how we did it—and what we learned along the way. 🔗 https://lnkd.in/gCqhbYGt #Fintech #EmbeddedFinance #FinanceAutomation #TechInnovation #Scalability #BuildVsBuy #FinanceTransformation #BusinessGrowth
Liberis needed a ledger that could scale to expand their embedded finance operations into new markets. Instead of building, they chose Formance—here’s what they learned.
🔹 How do you build a ledger that scales with global expansion? At Liberis, our ledger needed to support 6 new markets and 3 product pilots—without adding unnecessary complexity. We evaluated build vs. buy options and ultimately partnered with Formance to streamline operations. 🚀 Key lessons learned: ✅ Collaboration is key —deep alignment between finance and engineering removes friction and drives smarter, faster decisions. ✅ Scalability starts with infrastructure —a well-designed ledger makes it easier to expand into new markets and launch new products. ✅ Not everything needs reinventing —choosing a modular, scalable solution lets us focus on innovation, not maintenance. The result? Less manual reconciliation, better automation, and stronger finance-tech collaboration. Here’s how we did it—and what we learned along the way. 🔗 https://lnkd.in/gCqhbYGt #Fintech #EmbeddedFinance #FinanceAutomation #TechInnovation #Scalability #BuildVsBuy #FinanceTransformation #BusinessGrowth
Formance a republié ceci
Some notes from interviewing team members following our rebuilding of one of our ledgers on Formance
🔹 How do you build a ledger that scales with global expansion? At Liberis, our ledger needed to support 6 new markets and 3 product pilots—without adding unnecessary complexity. We evaluated build vs. buy options and ultimately partnered with Formance to streamline operations. 🚀 Key lessons learned: ✅ Collaboration is key —deep alignment between finance and engineering removes friction and drives smarter, faster decisions. ✅ Scalability starts with infrastructure —a well-designed ledger makes it easier to expand into new markets and launch new products. ✅ Not everything needs reinventing —choosing a modular, scalable solution lets us focus on innovation, not maintenance. The result? Less manual reconciliation, better automation, and stronger finance-tech collaboration. Here’s how we did it—and what we learned along the way. 🔗 https://lnkd.in/gCqhbYGt #Fintech #EmbeddedFinance #FinanceAutomation #TechInnovation #Scalability #BuildVsBuy #FinanceTransformation #BusinessGrowth