European Founders

Formance Secures $21M to Build the ‘AWS of Fintech Infrastructure’

By : Syed Owais Date:February 3, 2025

Powering the Future of Fintech with Scalable Infrastructure

In the fast-paced world of fintech, innovation moves at lightning speed, but behind every groundbreaking product lies a complex web of financial infrastructure. Many startups and enterprises struggle with scalability, security, and compliance, often building costly solutions from scratch. That’s where Formance steps in.

The French fintech startup has just secured $21 million in funding to create a powerful, scalable financial infrastructure—akin to AWS, but for fintech companies. Their mission? To simplify how businesses manage payments, transactions, and financial workflows, enabling them to scale faster without the backend headaches.

Solving a Critical Problem in Fintech

Fintech startups and financial institutions require robust infrastructure to handle high-volume transactions, real-time payments, and regulatory compliance. Traditionally, companies built their own systems, leading to costly engineering efforts and long development cycles.

Formance’s cloud-native platform eliminates these challenges by offering:

  1. Pre-built financial workflows that reduce development time.
  2. A scalable ledger system for managing millions of transactions.
  3. API-first architecture to integrate seamlessly with existing fintech ecosystems.

By abstracting the complexities of financial infrastructure, Formance allows fintech innovators to focus on building great products, not backend systems.

Backed by Investors Betting on the Future of Fintech

The $21 million Series A funding round was led by top-tier venture firms, recognizing Formance’s potential to become a foundational layer for the fintech industry. Investors are banking on the company’s ability to do for financial infrastructure what AWS did for cloud computing—offering fintech firms an on-demand, scalable backbone to power their growth.


The Road Ahead

As the fintech sector continues to expand, the demand for scalable, secure, and cost-effective infrastructure will only grow. Formance is well-positioned to be at the center of this transformation, providing the building blocks that power the next generation of financial services.

By removing the technical barriers to fintech innovation, Formance isn’t just building infrastructure—it’s shaping the future of digital finance.

Syed Owais

Founder & Fractional CBO - Who loves to deliver value over hype. Aiming to build a no-BS community for founders (by founder), investors, venture capitalists, accelerators and journalists.