<ul><li>Open-source financial infrastructure provider Formance raised $21 million in a Series A funding round to grow its Ledger and other solutions.</li><li>The funding round was co-led by PayPal Ventures and Portage, and Formance aims to expand across the U.S. and Europe.</li><li>Formance's open-source, programmable Ledger simplifies the process of building financial infrastructure, providing detailed visibility into transactions.</li><li>The company's solution is used by large-scale SaaS platforms, FinTechs, financial institutions, and other global customers.</li></ul>

PayPal-Backed Formance Raises $21 Million to Grow Open-Source Ledger

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