Formance
Formance enables Platforms and Fintech companies to build modern financial applications composing payments, banking, lending, investing, and insurance through complex fund flows. Formance provides an agnostic infrastructure, allowing them to build and operate sophisticated fund flows with the financial service providers of their choice.
- Location
- New York, United States, United States
- Founded
- 2020
- Category
- Fintech
- Funding
- VC-backed
- Team
- 11–50
Frequently asked questions
What does Formance do?
Formance enables Platforms and Fintech companies to build modern financial applications composing payments, banking, lending, investing, and insurance through complex fund flows. Formance provides an agnostic infrastructure, allowing them to build and operate sophisticated fund flows with the financial service providers of their choice.
Where is Formance based?
Formance is based in New York, United States, United States.
When was Formance founded?
Formance was founded in 2020.
How much has Formance raised?
Formance is vc-backed. Funding details have not been disclosed.
How Formance would pitch themselves
○ Auto-generated01Target customer
Consumers + businesses needing modern financial services + infrastructure — typically under-served by legacy banks + processors.
02Problem they solve
Formance enables Platforms and Fintech companies to build modern financial applications composing payments, banking, lending, investing, and insurance through complex fund flows. Formance provides an agnostic infrastru… The category has historically been served by tools that miss the modern workflow this product is built around.
03Key differentiator
Formance differentiates on open source financial infrastructure — focusing on a specific edge in this category vs. broader incumbents.
04Go-to-market strategy
Series-A scaling stage — building outbound sales motion, hiring first AEs, layering on customer success. Mix of PLG (where the product allows) + direct sales for higher-ACV deals.