Formance
Seedtable Score
44
Startups
2
Funding Rounds
2
Investors
$6.7m
Money raised
Overview
Formance, based in Paris, has strong potential due to its open-source ledger designed for money-moving platforms. Operating on a B2B SaaS model, Formance offers advantages over traditional accounting systems by enhancing transparency and minimizing transaction errors. Its open-source nature allows for flexibility and customization, meeting diverse financial platform needs more effectively. With backing from notable investors and a focus on efficiency and transparency, Formance is well-positioned to disrupt the market.
- Website: https://formance.com
- Business model: b2b, saas
- Company size: 1 - 11 employees
- Headquarters: Paris, France
- Founded: 2021
- Social accounts: Twitter Linkedin
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Investors (2)
Funding
Funding series
Funding Series Analysis
The company Formance has raised a total of $6.7m in funding over 2 rounds.
Key Insights:
- Pre Seed: $125k
- Series A: $6.58m
Formance Pre Seed (2021, $0M)
$125k
Formance Series A (2023, $6M)
$6.58m