Formance
Open Source Infrastructure for the Financial Internet
Founders
Not read from YC yet; the weekly run fills these in.
Same space
Competitors
Closest in what they build, same category.
VocodeW23Open source Voice AIShared: developer tools, open sourceAcquired
OpenFoundryW24The fastest developer experience for building on open source AI.Shared: developer tools, open sourceActive
Evidently AIS21Open-source monitoring for machine learning modelsShared: developer tools, open sourceActive
ElementaryW22Open-source data observability for data teamsShared: developer tools, open sourceActive
TwentyS23Open Source CRMShared: open sourceActive
Adjacent
Overlapping tags, a different niche.
FintocW21Account-to-Account payments in Mexico and Chile.Shared: developer tools, fintech, paymentsActive
BlindPayW25Stablecoin API for global paymentsShared: developer tools, fintech, paymentsActive
cmuxS24Open source applied AI lab building next-gen devtoolsShared: developer tools, open sourceActive
MonoW22Embedded finance infrastructure for LatAm enterprises.Shared: fintech, paymentsActive
MonosiS20Open Source Data ObservabilityShared: developer tools, open sourceInactive
Also from S21 in Developer tools
Batchmates in Summer 2021.
Dots 💸S21Developer friendly drop in payouts infrastructureActive
WarrantS21Authorization and access control as a service.Acquired
AbbotS21Your Customer Success Co-PilotInactive
ArchbeeS21TURN STATIC DOCS INTO INSTANT ANSWERSActive
ArenguS21Build frictionless signup flows in minutesAcquired
AviatorS21Google-level engineering productivity suiteActive
About Formance
Formance Platform is building open-source infrastructure for the next wave of financial services. It enables fintech engineers to build and operate complex flow of funds, weaving together multiple payment rails with internal ledger accounts. github.com/formancehq/stack
Paris, Île-de-France, France
Formance: questions
Which YC batch was Formance in?
Formance was in Y Combinator's Summer 2021 batch (S21).
Is Formance still active?
Y Combinator lists Formance as active.
Where is Formance based?
Formance lists Paris, Île-de-France, France as its location on YC's directory.
Not affiliated with Y Combinator. From YC's public directory. Logos via logo.dev; trademarks belong to their owners.