Formance Blog · May 2026
Launched a Fireblocks connector to sync custody vaults, balances, and transactions into Formance for reconciliation with fiat flows.
Open Source Infrastructure for the Financial Internet
Company research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
Formance is an open-source, cloud-native financial infrastructure company that provides a programmable core ledger plus modules for connectivity, flows, and reconciliation so developers can build and operate money movement systems with auditability and control.
Primary product
Programmable core ledger and open-source financial infrastructure platform
Founded
2021
Headquarters
New York City, United States (operational HQ; registered office in Paris, France)
Team size
11-50
Work style
Flexible
Industry
Software Development
Sub-industry
Financial infrastructure software
Offices
New York City, United States
Paris, France
London, United Kingdom
Lisboa, Portugal
Business model
open-source software
enterprise annual subscription
managed cloud
assisted self-hosted / private cloud
Funding
Stage
Series A
Total raised
$30.9M
Latest round
Series A · Jan 2025
Latest amount
$21M
Jan 2025 · PayPal Ventures and Portage Ventures
Dec 2023
Jun 2022 · Hoxton Ventures, Frst, and Y Combinator
Aug 2021
Mar 2021
People & investors
Leadership
Co-Founder, CEO
Co-Founder, CTO
Head of Operations
Head of GTM
Work & culture
Open-source, documentation-heavy, and auditability-first culture with an emphasis on transparency, ownership, strong engineering rigor, and customer-driven collaboration. Public profiles also suggest a low-ego, people-first environment with a preference for in-person collaboration in at least some offices.
Work style
Flexible
Compensation
Public job posts show structured salary bands and role-specific pay, plus equity and commission for eligible roles. Examples seen publicly include €60K-€90K for senior engineering in France, £90K-£95K for London solutions engineering, $95K-$110K for NYC BDR, and $150K-$300K for NYC account executive, with geographic pay differences disclosed in benefits materials.
Benefits
equity
full health coverage
dental insurance
vision insurance
401(k) with 4% employer match
unlimited PTO
life insurance
FSA
EAP
telemedicine
meal vouchers
public transport reimbursement
remote work allowance
setup bonus
company-provided MacBook
Product & market
Pricing
MIT-licensed open-source core with custom-quote enterprise subscription pricing for managed cloud, private cloud, advanced modules, and support.
Differentiators
- —programmable core ledger with auditability
- —open-source and self-hostable
- —modular platform: Ledger, Connectivity, Flows, Reconciliation
- —Numscript DSL for money movement
- —vendor-agnostic connectors to banks/PSPs/custodians
- —bi-temporal ledgering and audit-friendly history
- —enterprise deployment options with SSO, RBAC, and support
- —compliance-oriented positioning with SOC 2 / ISO 27001 / DORA references
Technology
Go
TypeScript
PostgreSQL
Kubernetes
Terraform
Docker
Earthly
Argo CD
GitHub Actions
Grafana
React
Nix
PL/pgSQL
ElasticSearch
AWS
JavaScript
Shell
Customers
Doctolib
Liberis
Booksy
Btech
Getmomo
Newton
Shares
Competitors
TigerBeetle
in-house ledgers
core banking platforms
payments orchestration stacks
custom rail-adapter architectures
Scale & contact
Estimated revenue
$1M-$10M
Estimated monthly visits
15.2K
Traffic estimate as of Jul 2026
Latest news
Formance Blog · May 2025
Customer case study describing how Liberis used Formance to scale across 14 countries, reduce reconciliation errors, and accelerate launch speed.
Formance Blog · Jan 2025
Official announcement of the $21M Series A led by PayPal Ventures and Portage Ventures, with participation from Y Combinator, Hoxton Ventures, and Axeleo Capital.
TechCrunch · Jan 2025
Independent coverage of the Series A, customer traction, and expansion plans including a New York office and headcount growth.
Formance Blog · Jun 2024
Introduced the modular Formance Platform and its four major services: Ledger, Connectivity, Flows, and Reconciliation, along with enterprise capabilities and deployment options.
Jobs and careers at Formance
2 jobs at Formance
Business Development Representative
On-site
Sales
New York
2mo ago
On-site
Full-time
Senior Account Executive
On-site
Sales
New York
2mo ago
On-site
Full-time