Formance, a French fintech specializing in open-source programmable ledgers for financial transactions, has secured $21 million in Series A funding, co-led by PayPal Ventures and Portage Ventures. The company’s technology enhances transaction visibility and reconciliation for fintechs, SaaS platforms, and financial institutions, with major clients like Doctolib and Liberis. The new funding will drive Formance’s expansion across the US and Europe, accelerating its transformation into a comprehensive platform for building sophisticated financial features
PayPal Ventures Co-Leads $21 Million Investment in Programmable Ledger Builder Formance
