"This new funding will fuel Formance’s expansion across the US and Europe and accelerate its vision of transforming its Open Source Ledger into a full-scale platform for building and managing sophisticated financial features," said CEO Anne-Sybille Pradelles.

https://www.formance.com/blog/company/formance-secures-21-million-dollar-in-series-a-funding-co-led-by-paypal-ventures-and-portage-ventures-to-expand-its-open-source-financial-infrastructure