Summary
Industry
Insights
Formance, based in Paris, has strong potential due to its open-source ledger designed for money-moving platforms. Operating on a B2B SaaS model, Formance offers advantages over traditional accounting systems by enhancing transparency and minimizing transaction errors. Its open-source nature allows for flexibility and customization, meeting diverse financial platform needs more effectively. With backing from notable investors and a focus on efficiency and transparency, Formance is well-positioned to disrupt the market.