# Formance funding: rounds and investors

> Formance has raised $21M across 1 round since 2025. Investors include PayPal Ventures, Portage Venture Partners and Y Combinator. Every round with its source.

Source: https://millionrounds.com/company/formance (Millionrounds; every figure on the page links to its filing or article)

France · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Formance*

One round we have observed, with the 7 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Fintech

Y Combinator: S21

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Funding summary Updated 15 Nov 2026

**$21M** raised across 1 round since 2025, from 1 source

- **Latest round:** Series A, $21M Jan 2025
- **Led by:** PayPal Ventures and Portage Venture Partners
- **Investors:** 7 (2 led)

See who backed them

## The rounds

- **Jan 2025** Series A **$21M** [PayPal Ventures](https://millionrounds.com/fund/paypal-ventures) Lead [Portage Venture Partners](https://millionrounds.com/fund/portage-venture-partners) Lead [Y Combinator](https://millionrounds.com/fund/y-combinator) [Leo Capital](https://millionrounds.com/fund/leo-capital) [Axeleo Capital](https://millionrounds.com/fund/axeleo-capital) [Hoxton Ventures](https://millionrounds.com/fund/hoxton-ventures) [Frst](https://millionrounds.com/fund/frst) Reported by TechCrunch SEC filing: $19M sold, first sale Dec 2024

## Everyone who backed them

[PayPal Ventures](https://millionrounds.com/fund/paypal-ventures) Corporate VC **1** round, led 1

[Portage Venture Partners](https://millionrounds.com/fund/portage-venture-partners) VC firm **1** round, led 1

[Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round

[Leo Capital](https://millionrounds.com/fund/leo-capital) VC firm **1** round

[Axeleo Capital](https://millionrounds.com/fund/axeleo-capital) VC firm **1** round

[Hoxton Ventures](https://millionrounds.com/fund/hoxton-ventures) Angel network **1** round

[Frst](https://millionrounds.com/fund/frst) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=formance).

## Quick answers about Formance

### Who invested in Formance?

Formance's investors include PayPal Ventures, Portage Venture Partners, Y Combinator, Leo Capital and Axeleo Capital, and 2 more on record. PayPal Ventures led its latest round.

### How much has Formance raised?

Formance has raised $21M across 1 round since 2025.

### When did Formance last raise?

Formance's most recent round was a Series A of $21M in Jan 2025, led by PayPal Ventures.

### What was Formance's biggest round?

Its most recent round, $21M in Jan 2025, is also its largest on record.

### Who backed Formance first?

Formance's first round on record, in Jan 2025, was backed by PayPal Ventures, Portage Venture Partners and Y Combinator and 4 others.

### What stage is Formance at?

Formance's latest named round is a Series A, in Jan 2025.

### Where is Formance based?

Formance is based in France.

### Who led Formance's rounds?

PayPal Ventures led the Series A in 2025.

## Companies like Formance

In the same sector, and raised in the last eighteen months.

[**triPica** $14M · Nov 2026](https://millionrounds.com/company/tripica)[**Fundbot** $2.6M · Oct 2026](https://millionrounds.com/company/fundbot)[**Wealthcome** $25M · Sept 2026](https://millionrounds.com/company/wealthcome)[**OPiO** $4.6M · Sept 2026](https://millionrounds.com/company/opio)[**Aria** $311M · Jul 2026](https://millionrounds.com/company/aria)[**Alan** $733M · Jun 2026](https://millionrounds.com/company/alan)

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