Formance

Formance enables Platforms and Fintech companies to build modern financial applications composing payments, banking, lending, investing, and insurance through complex fund flows.

Latest funding

$21M Series A · January 29, 2025

Led by Portage · Source: techcrunch.com

Total raised: $24.1M across 2 sourced rounds

All 3 rounds ↓

Website: formance.com.

X: @formancehq · 445 followers.

GitHub: formancehq.

LinkedIn: formance.

Categories: Lending and credit Fintech Insurance.

Sectors: B2B, Developer Tools, Fintech, Payments, Open Source.

Stage: Series A.

Based in: Paris, France.

Total raised: $24.1M in 2 sourced rounds.

Last round: Jan 29, 2025 · 652 days ago.

Team: 33 people on the team page.

On Recent Funding since: Sep 28, 2026.

Signals

X account@formancehq · created Jul 22, 2021 (5 years old) · 445 followers

Website registeredApr 24, 1997 (29 years old)

About Formance

Formance provides an agnostic infrastructure, allowing them to build and operate sophisticated fund flows with the financial service providers of their choice.

TIMELINE · MONEY RAISED

Formance | 333 days from X account to first raise on record

@formancehq·Raised $24M in 2 sourced rounds·1 signal before the first raise

Money raised, round by round (amounts linked to their source). Pins are dated signals; hover the icons for dates.

Funding rounds

January 29, 2025
Series A · $21M
PPortage (lead)
Source: techcrunch.com
June 20, 2022
Pre Seed · $3.1M
FFrst (lead), HHoxton Ventures (lead), AAxeleo Capital, PPierre Youenou, YY Combinator
Source: rudebaguette.com
July 22, 2021
X account created
Summer 2021
YY Combinator · batch
Source: ycombinator.com
April 24, 1997
Website created

Founders and team

AP
Anne-Sybille Pradelles Co-founder, CEO

LinkedIn · source: foundertrace.com
CS
Clément Salaün Co-Founder

LinkedIn · source: foundertrace.com

Investors

Companies like Formance

MM2PSeries B+ · Sep 2024
PPlata$405M Series B+ · Apr 2026
GGailSeed · May 2025
PPreczn$6.8M · Oct 2023
SStearsSeed · Jan 2026
PPliant$80M Series B+ · Nov 2026

Other companies backed by Portage

FFaye$50M Series B+ · Aug 2026
FFeathery$30M Series A · Jul 2026
LLeapXpert$180M Series B+ · Jun 2026
NNesto$107M Series B+ · Jun 2026
VVirtru$50M Series B+ · Jul 2025
RRetirable$10M Series A · Jul 2025

Portage portfolio →

Sources and API

Every amount links to the page it came from. * Estimated from an accelerator's published standard deal, not a company-specific disclosure. How Recent Funding sources and verifies funding data. The same data as JSON: /api/v1/companies/formance (get a free API key).