Foras Invests $60M in Formance to Revolutionize Modern Financial Applications

We are thrilled to announce that Formance has successfully raised $60 million in our latest funding round—a major milestone that reinforces our mission to empower fintech and platform companies with cutting-edge financial infrastructure. At Formance, our vision is clear: to simplify and modernize the development of financial applications that require complex fund flows. Our innovative platform is designed to integrate seamlessly with the financial services of companies’ choice, giving our clients the flexibility to build, operate, and scale sophisticated financial systems in payments, banking, lending, investing, and insurance. This new capital infusion will accelerate our growth and further enhance our open source, modular components that are already transforming the financial landscape. With a suite of four integrated services—Ledger, Connectivity, Flows, and Reconciliation—Formance provides an agnostic infrastructure that ensures both flexibility and speed-to-market. These scalable components give developers ownership and the freedom to innovate, reducing development timelines while ensuring robust performance. The funding will be strategically deployed to expand our technological capabilities, invest in research and development, and further our commitment to an open, transparent financial ecosystem. We are excited to deepen our partnerships with industry leaders and support the next generation of fintech innovations that rely on our state-of-the-art platform. As we scale our operations and product suite, we remain dedicated to delivering unparalleled financial infrastructure solutions that redefine how fund flows are managed across the globe. Our latest funding milestone not only fuels our ambitious plans for growth but also reaffirms our commitment to empowering our customers to build the financial applications of the future.