Formance | Company Profile
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Formance
Overview
Formance is a global technology company specializing in open-source financial infrastructure. It empowers enterprises and developers to build, scale, and operate complex financial applications with full ownership and control. The Formance Platform, its core offering, is a programmable and modular financial ledger system designed for real-time tracking of money flows, payment initiation, and asset management. This solution provides flexibility, compliance, and seamless integration for financial institutions and large enterprises.
The platform features three key services: Connectivity, Flows, and Reconciliation, enabling businesses to customize and automate financial processes while ensuring regulatory compliance and operational efficiency. Its composable architecture supports tailored environments for regulated businesses and fintech innovators. Targeting enterprise customers in fintech, banking, and regulated sectors, the company streamlines payment processes and facilitates the launch of new financial products. Co-founded by Anne-Sybille Pradelles and Clément Salaün, Formance is redefining how developers interact with money and enabling innovative financial applications worldwide.
Basic Information
| Industry | information technology & services |
|---|---|
| Founded | 2021 |
| Headquarters | New York, New York, United States |
| Revenue | 24.1M |
| Latest Funding Stage | Series A |
Contact Details
- Website: formance.com
- LinkedIn: linkedin.com/company/formancehq
Key Focus Areas & Initiatives
- Open-source banking infrastructure
- Programmable financial ledger platform
- Real-time tracking of money flows
- Payment initiation and asset management
- Regulatory compliance tools
- Enterprise-grade security certifications
- Custom connector development
- Secure authentication protocols
- Financial product customization
- Modular, scalable architecture
- Hybrid deployment options (cloud & self-hosted)
- Financial reconciliation and auditability
- Multi-asset support, including cryptocurrencies and stocks
- Flexible API connectors and integrations
- Open-source community development
Technologies Used
- AI
- Circle
- Docker
- Gmail
- Google Apps
- Google Tag Manager
- Mobile Friendly
- Remote
- Reviews
- Route 53
- Segment.io
Community
