Formance Overview

  • Year Founded
  • 2021

Year Founded

  • Status
  • Private

  • Employees
  • 46

Employees

  • Latest Deal Type
  • Series A

  • Latest Deal Amount
  • $20.9M

  • Investors
  • 19

Formance General Information

Description

Developer of an open-source financial ledger designed to build and scale money flows. The company's platform allows it to track fund movements between buyers and sellers, build currency, engage players in a meta-game, and reconcile payments between multiple providers, enabling developers to build complex money flows while saving engineering time and reducing risk.

Contact Information

Website
www.formance.com
Formerly Known As
Numary
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 9, Rue des Colonnes
  • 75002 Paris
  • France
Primary Industry
Other Financial Services
Other Industries
Financial Software
Vertical(s)
SaaS, FinTech
Corporate Office
  • 9, Rue des Colonnes
  • 75002 Paris
  • France

Formance Timeline

2023202420252026
Financing RoundCaptured Employee CountEstimated Employee Growth

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Formance Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Early Stage VC (Series A) 29-Jan-2025 $20.9M Completed Generating Revenue
5. Secondary Transaction - Private 23-Dec-2024 Completed Generating Revenue
4. Early Stage VC (Series 1) 27-Dec-2023 Completed Generating Revenue
3. Early Stage VC 20-Jun-2022 Completed Generating Revenue
2. Early Stage VC 01-Jan-2022 $125K Completed Generating Revenue
1. Accelerator/Incubator 24-Aug-2021 $125K $125K Completed Generating Revenue
To view Formance’s complete valuation and funding history, request access »

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Formance Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of an open-source financial ledger designed to build and scale money flows. The company's platform allows it t
Other Financial Services
Paris, France
46 As of 2026

London, United Kingdom
 

Amsterdam, Netherlands
 
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Formance Competitors (4)

One of Formance’s 4 competitors is Wise, a Formerly VC-backed company based in London, United Kingdom.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Wise Formerly VC-backed London, United Kingdom
Finom ( Netherlands ) Venture Capital-Backed Amsterdam, Netherlands
Viva.com Private Equity-Backed Marousi, Greece
Klarna Group Formerly VC-backed Stockholm, Sweden
To view Formance’s complete competitors history, request access »

Formance Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Formance Investors (19)

Investor Name Investor Type Holding Investor Since Participating Rounds
Angel (individual) Minority
Angel (individual) Minority
Angel (individual) Minority
Angel (individual) Minority
Angel (individual) Minority
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Formance FAQs

  • When was Formance founded?

    Formance was founded in 2021.

  • Where is Formance headquartered?

    Formance is headquartered in Paris, France.

  • What is the size of Formance?

    Formance has 46 total employees.

  • What industry is Formance in?

    Formance’s primary industry is Other Financial Services.

  • Is Formance a private or public company?

    Formance is a Private company.

  • What is the current valuation of Formance?

    The current valuation of Formance is .

  • What is Formance’s current revenue?

    The current revenue for Formance is .

  • How much funding has Formance raised over time?

    Formance has raised $30.8M.

  • Who are Formance’s investors?

    , , , , and are 5 of 19 investors who have invested in Formance.

  • Who are Formance’s competitors?

    Wise, Finom ( Netherlands ), Viva.com, and Klarna Group are competitors of Formance.

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