Formance

Formance is an open-source financial infrastructure company on a mission to redefine how developers interact with money as a first-class primitive. The company provides a programmable core ledger that unifies fiat and digital assets, enabling platforms to build and scale financial applications without compromise. Founded by Anne-Sybille Pradelles (CEO) and Clément Salaün (CTO), Formance has grown from an opinionated piece of new technology into a comprehensive platform trusted by regulated institutions worldwide.

The Formance Platform offers four integrated modules: Ledger for transaction modeling and balance tracking, Connectivity for ingesting data across payment rails and financial partners, Flows for orchestrating complex money movements, and Reconciliation for automated monitoring against external statements. The company is SOC 2 Type II certified, ISO 27001 certified, and DORA compliant, demonstrating enterprise-grade security standards. With offices in New York and Paris, Formance serves customers across the US and Europe, including platforms like Coinbase, Fireblocks, Doctolib, and Liberis. The company raised a $21M Series A co-led by PayPal Ventures and Portage in early 2025.