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Formance
AddedMar 22, 2024
UpdatedJul 3, 2026
Formance

Formance

Series A

Formance: Cloud-native, low-code platform for seamless payment operations.

HQ
Paris, Paris, FR
Founded
2021
Accelerator
Y Combinator logoY CombinatorS21
Overview
Compare
Fundraising
Employees
Website

Formance, founded with the mission to streamline payment operations, offers a cloud-native, low-code platform designed for seamless management of complex payment flows. The platform enables payment engineers to integrate multiple payment rails with internal ledger accounts, simplifying the orchestration of funds. Formance primarily targets businesses needing efficient and scalable payment solutions, providing tools to build and operate intricate financial transactions with ease.

Notable figures associated with Formance include key investors and advisors from the fintech industry, though specific names are not disclosed. The company has achieved significant milestones in enhancing payment operations for its clients, contributing to more efficient and transparent financial processes. Formance's impact is evident in its ability to reduce operational complexities and improve the overall efficiency of payment systems for businesses.

Formance - Similar Companies

Modern Treasury logo

Modern Treasury

moderntreasury.com

Routable logo

Routable

routable.com

Finix logo

Finix

finix.com

Latent Space logo

Latent Space

payable.id

Mercoa logo

Mercoa

mercoa.com

Upflow logo

Upflow

upflow.io

VertoFX logo

VertoFX

vertofx.com

BlueHill Payments logo

BlueHill Payments

Modernbanc logo

Modernbanc

modernbanc.com

Flux logo

Flux

iflux.app

ResonanceX logo

ResonanceX

resonancex.com

Aspire logo

Aspire

aspireapp.com

OneFin logo

OneFin

onefin.in

Payabli logo

Payabli

payabli.com

Payfura logo

Payfura

payfura.com

Formance - Quick Facts

Who are Formance's competitors?

Companies similar to Formance include Modern Treasury, Routable, Finix and Latent Space.

When was Formance founded?

Formance was founded in 2021.

Where is Formance's headquarters located?

Formance's headquarters is located in Paris, Paris, FR.

When was Formance's last funding round?

Formance's most recent funding round was for $6.6M (USD) in December 2023.

How much has Formance raised to-date?

As of Dec 27, 2023, Formance has raised a total of $9.6M (USD).

How many employees does Formance have?

Formance has 23 employees as of Feb 24, 2024.

Formance - Classification

Ownership
  • Venture Capital
Technology
  • Cloud
Geographic Exposure
  • Global
Model
  • Platform
Revenue
  • Recurring
  • SaaS
  • Usage-based
Customer
  • Enterprise
Main Product
  • Payment Operations
Tags
  • API
  • Fintech
NAICS
  • 520000Finance and Insurance
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 8740Management And Public Relations Services
  • 8742Management Consulting Services
Show 6 more industry codes
SIC
  • 6000Depository Institutions
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 6090Functions Related To Depository Banking
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 6099Functions Related To Depository Banking, Not Elsewhere Classified
  • 6282Investment Advice