Formance, a French fintech startup, aims to address common ledger management issues faced by companies with multiple financial accounts and services. Initially developing an open-source programmable financial ledger, Formance is now expanding its offerings to include a complete financial infrastructure platform. This platform will integrate various components such as reconciliation and payment service connections. Recently securing a $21 million Series A funding round, the startup envisions providing a modular, efficient platform similar to Amazon Web Services for the financial sector.
Formance is transitioning from a single ledger product to a robust platform, adding modules for reconciliation and payment service connectors to enhance efficiency.
The startup's goal is to create a modular platform akin to AWS for financial services, allowing clients to integrate multiple functionalities seamlessly.
Collection
[
|
...
]