programmable-ledger
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Anne-Sybille Pradelles Is Making Money Keep Its Receipts
The Formance co-founder learned how companies grow at cybersecurity startup Alsid. Now she is applying the lesson to a quieter problem: making every dollar in motion explain itself.
Formance
Formance is an open-source financial infrastructure company that gives developers a programmable core ledger and a connectivity layer for moving money across banks, payment processors, and wallets. Its stack - Ledger, Connectivity, Flows, and Reconciliation - lets fintechs and platforms track every asset movement with double-entry precision, orchestrate payments across providers, and automatically reconcile internal records against external statements. Founded in 2021 and backed by PayPal Ventures and Portage, Formance positions itself as building-block infrastructure for the 'financial internet' rather than a payment processor that touches customer funds.