Formance
Formance enables Platforms and Fintech companies to build modern financial applications composing payments, banking, lending, investing, and insurance through complex fund flows. Formance provides an agnostic infrastructure, allowing them to build and operate sophisticated fund flows with the financial service providers of their choice. Our open source and modular components ensure flexibility, ownership, and a shorter time-to-market. The Formance Platform comes with four services: Ledger, Connectivity, Flows, and Reconciliation. Each service integrating seamlessly with one another, providing a scalable and extensible financial core system.
Formance
Formance provides an open-source financial core and platform for building bespoke flows of funds, targeting companies building their financial backend.
About
Needs Assessment
Active buying signals and potential business opportunities
Technology Requirements
Financial ledger
Connectivity module
Security infrastructure
Modular & Agnostic Primitives
Scalable ledger system
Flexible account structure
Real-time transaction tracking
Ledger system that can map and log all money flow events
Service Requirements
Support
Training
Managed Cloud services
Reconciliation services
Support and expertise in building financial flows and products.
Comprehensive onboarding
Best practices for chart of accounts
Smooth maintenance and optimization
Support for multi-currency and asset management
Infrastructure Requirements
Cloud or self-hosted deployment
Double-entry accounting system
Connectors for financial providers
Data lake integration
AI Insights
Growth Trajectory
With Series A funding secured and a focus on expanding connectors and integrations, Formance shows strong growth potential in the fintech market.
Market Opportunity
Formance has a strong market opportunity by providing an open-source financial core that offers flexibility and customization compared to legacy financial infrastructure.
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