
PayPal Ventures Invests in Formance
News – Jan 29, 2025 – Formance, the Open Source financial infrastructure provider, today announced the successful close of a $21 million Series A funding round co-led by PayPal Ventures and Portage, with participation from Y Combinator, Hoxton Ventures, and AXC. This milestone comes on the heels of a 10x increase in Formance’s revenue over the past 12 months. Founded in 2021 by Clément Salaün, … Continue reading PayPal Ventures Invests in Formance