Formance is a financial infrastructure platform designed to help platforms and fintech companies build and operate modern financial applications involving complex fund flows—such as payments, banking, lending, investing, and insurance. Formance offers an agnostic, modular infrastructure that enables businesses to manage sophisticated fund movements while integrating with the financial service providers of their choice.
The Formance Platform is comprised of four core services:
- Ledger: Provides a robust, auditable accounting engine for tracking financial transactions.
- Connectivity: Enables seamless integration with various payment and banking providers.
- Flows: Allows orchestration and automation of multi-step fund flows across different financial operations.
- Reconciliation: Offers tools to ensure that transactions and balances are accurately matched across internal and external sources.
These components can be used independently or together, giving companies flexibility, ownership, and a faster time-to-market. The open source and modular approach is a key differentiator, allowing clients to tailor their financial systems while avoiding vendor lock-in.
Who Uses Formance?
Formance primarily serves digital platforms and fintech companies that require advanced fund flow management and want to build scalable, extensible financial core systems. Notable customers include Liberis, Newton, Shares, Angkas, getmomo, and b_labs.
How Was Formance Started?
Formance was co-founded by Anne-Sybille Pradelles, who oversees go-to-market and operations (previously COO at Alsid), and Clément Salaün, who leads product and engineering (formerly led payments at Selency). Their combined expertise in fintech operations and payments technology shapes the company's focus on infrastructure flexibility and reliability. More about the founders and their vision can be found on the Formance About page.
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