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Open-source ledger for money-moving platforms.

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Summary

Seedtable Score

Score icon 64

Locations

Company Size

  • 1 - 11

Last Stage Round

Insights

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.

Total Funding
$6.7M

Full Company Profile