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Formance - Company Overview, Founder, CEO, Funding & Investment Details

Complete information about Formance including founder details, CEO information, total funding raised, headquarters location, team size, and recent investment rounds.

Formance company logo

Open Source Financial Core

Formance enables platforms and fintech companies to build modern financial applications by providing infrastructure solutions like a programmable ledger, payment orchestration, and reconciliation tools.

HeadquartersNew York City, United States
Team size10-50
Founded2021

What is Formance? - Company Overview & Details

Formance is Formance enables platforms and fintech companies to build modern financial applications by providing infrastructure solutions like a programmable ledger, payment orchestration, and reconciliation tools. Founded in 2021, the company is headquartered in New York City, United States.

Who Founded Formance?

Formance was founded by Clément Salaün, Anne-Sybille Pradelles.

Who are the Key Executives at Formance? - Leadership Team

Formance is led by experienced executives in key positions:

Chief Executive Officer (CEO) of Formance

Anne-Sybille PradellesCEO

Chief Technology Officer (CTO) of Formance

CTO

About Anne-Sybille Pradelles - CEO of Formance

Anne-Sybille Pradelles serves as the Chief Executive Officer of Formance, leading the company's strategic vision and operations. Connect with them on LinkedIn for professional insights.

Formance Company Details & Key Information

Where is Formance located?

Formance is headquartered in New York City, United States.

How many employees does Formance have?

Formance has 10-50 employees.

When was Formance founded?

Formance was founded in 2021.

Formance Official Website

How much funding has Formance raised?

Formance has raised $21 Million across 1 funding rounds. The most recent funding was completed on 2025-01-29.

Funding Overview

Formance raised $21 million in a Series A funding round led by PayPal Ventures and Portage.

$21 Million
Total Funding Raised
1
Funding Rounds
2025-01-29
Latest Round

Formance Funding History

Series A
2025-01-29
$21 Million

Who are the key investors in Formance?

Formance is backed by 5 key investors including PayPal Ventures, Portage, Y Combinator. These investors focus on Fintech, Software, Financial Infrastructure sectors.

Formance Investor Overview

5
Key Investors
7
Focus Areas
10
Notable Investments

Complete List of Formance Investors

PayPal Ventures

Invests in innovative fintech companies.

Investment Focus
Fintech
Software
Financial Infrastructure
Notable Portfolio Companies
PayPal
Braintree

Portage

A venture capital firm focused on financial services.

Investment Focus
Fintech
Insurance
Wealth Management
Notable Portfolio Companies
Qonto
N26

Y Combinator

Startup accelerator known for early-stage backing.

Investment Focus
Tech
Fintech
Software
Notable Portfolio Companies
Airbnb
Stripe

Hoxton Ventures

VC firm that invests primarily in European startups.

Investment Focus
Software
Fintech
Consumer
Notable Portfolio Companies
Deliveroo
Darktrace

Axeleo

Venture capital firm that invests in tech startups.

Investment Focus
Tech
Fintech
Notable Portfolio Companies
Bluestone
Kiwipass

What sectors do Formance investors focus on?

The investors backing Formance primarily focus on Fintech, Software, Financial Infrastructure, Insurance, Wealth Management, Tech, Consumer sectors.

Fintech
Software
Financial Infrastructure
Insurance
Wealth Management
Tech
Consumer

Featured Investor: PayPal Ventures

PayPal Ventures

Invests in innovative fintech companies.

Notable Investments: PayPal, Braintree

What are Formance's future plans?

Formance Expand operations in the US and Europe and develop additional features for the financial platform.

Formance Strategic Outlook

Strategic Focus
Defined
2
Key Challenges
2
Growth Opportunities

What challenges does Formance face?

Formance has identified 2 key challenges that need to be addressed for continued growth and success.

Key Challenges for Formance

1

Navigating complex regulatory environments

2

Maintaining rapid growth

What opportunities does Formance have?

Formance has identified 2 key opportunities for growth and market expansion.

Growth Opportunities for Formance

1

Growing demand for fintech solutions

2

Expansion into new markets

Formance Strategic Position Summary

Key Focus Areas

Formance is addressing 2 strategic challenges to strengthen its market position.

Growth Potential

The company has identified 2 key opportunities for expansion and growth.

What are the latest news about Formance?

Formance has 2 recent news updates covering key business developments and market activities.

Formance News Overview

2
Recent Articles
Active
Media Coverage
2025-01-30
Latest Update

What is Formance in the news for?

Formance is currently featured in news for PayPal Ventures invests into Formance, Inc. $21M in Series A. and other significant business developments.

Recent News Articles About Formance

Article 1
2025-01-30

PayPal Ventures invests into Formance, Inc. $21M in Series A.

French fintech Formance has raised $21 million in a series A funding round led by PayPal Ventures and Portage.

techinasia.com
Read News
Article 2
2025-01-29

PayPal invested into Formance, Inc. $21M in Series A on Jan 29th '25.

Formance, the Open Source financial infrastructure provider, announced the successful close of a $21 million Series A funding round.

portageinvest.com
Read News

Formance FAQ - Frequently Asked Questions About Founder, CEO, Funding & Company Details

Find answers to the most common questions about Formance including information about founders, CEO, funding history, investors, headquarters location, and company details. 18 frequently asked questions covering key information about the company.

Formance Questions & Answers - Company Information

Q1

What is Formance?

Formance enables platforms and fintech companies to build modern financial applications by providing infrastructure solutions like a programmable ledger, payment orchestration, and reconciliation tools.

Q2

Who founded Formance?

Formance was founded by Clément Salaün, Anne-Sybille Pradelles.

Q3

Who is the CEO of Formance?

The CEO of Formance is Anne-Sybille Pradelles. You can find more information about them on their LinkedIn profile.

Q4

How much funding has Formance raised?

Formance has raised a total of $$21 Million across 1 funding rounds. The most recent funding was completed on 2025-01-29.

Q5

Who are the investors in Formance?

Formance's key investors include PayPal Ventures, Portage, Y Combinator, Hoxton Ventures, Axeleo.

Q6

Where is Formance headquartered?

Formance is headquartered in New York City, United States.

Q7

When was Formance founded?

Formance was founded in 2021.

Q8

How many employees does Formance have?

Formance has 10-50 employees.

Q9

What is Formance's official website?

You can visit Formance's official website at https://www.formance.com.

Q10

What was Formance's latest funding round?

Formance's latest funding round was a Series A round of $$21 Million completed on 2025-01-29.

Q11

Who is founder?

Anne-Sybille Pradelles

Q12

What does the company do?

Formance enables platforms and fintech companies to build modern financial applications by providing infrastructure solutions like a programmable ledger.

Q13

How much funding?

$21 Million

Q14

Latest funding date?

2025-01-29

Q15

Who are the investors?

PayPal Ventures Portage Y Combinator Hoxton Ventures Axeleo

Q16

What are the challenges?

Navigating complex regulatory environments Maintaining rapid growth

Q17

What are the opportunities?

Growing demand for fintech solutions Expansion into new markets

Q18

Latest news?

French fintech Formance has raised $21 million in a series A funding round led by PayPal Ventures and Portage. Formance, the Open Source financial infrastructure provider, announced the successful close of a $21 million Series A funding round.

More Information About Formance

For additional details about Formance, including the latest news, funding updates, and company developments, explore our comprehensive company database. Find information about startup funding, company valuations, executive leadership, and business intelligence data.