Tech Company Financing Transactions
Formance Funding Round
On 1/29/2025, Formance landed $21 million in Series A funding from PayPal, Portage and Axeleo Capital.
Transaction Overview
Company Name
Announced On
1/29/2025
Transaction Type
Venture Equity
Amount
$21,000,000
Round
Series A
Investors
Proceeds Purpose
With the fresh $21 million in the bank, Formance plans to open an office in New York and hire a go-to-market team there.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
9, rue des Colonnes
Paris, 75002
France
Paris, 75002
France
Phone
Undisclosed
Website
Email Address
Overview
We're on a mission to redefine how developers interact with money as a first-class primitive, and embed complex money flows in their applications. Hidden through permissioned, vendor-locked infrastructure, money needs to rewire itself to empower product-first companies with the ability to compose innovative financial applications.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Anne-Sybille Pradelles
Chief Technical Officer
Clément Salaün
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