Formance

New York
30 Total Employees
24 Product + Tech Employees
Year Founded: 2021

What's the Company Culture Like at Formance?

What People Are Saying About Formance

  • Collaborative & Supportive Culture: Face-to-face collaboration in a fully on-site NYC office is positioned as the default to speed iteration and cohesion, enabling tight feedback loops and direct access to founders and functional leads.
  • Learning & Knowledge Sharing: Open-source repos, public docs, SDKs, and a shared language for money flows (Numscript) make knowledge visible and reusable across teams, reinforcing clarity in design and decisions.
  • Efficient & Empowering Processes: DORA-aligned incident/change rituals, runbooks, and clearly defined roles formalize how work gets shipped in a compliance-heavy domain, supporting auditability and reliable execution.

Formance's Benefits

Employee feedback used to shape policies and strategy

Encourages autonomy and ownership from employees

Managers give public shoutouts and celebrate employee milestones

Managers offer consistent feedback loops

Provides modern technology across teams

Provides resources to build team camaraderie

Flexibility provided during personal challenges

Offers an Employee Assistance Program (EAP)

Offers company-sponsored happy hours

Offers company-sponsored outings

Offers wellness initiatives designed to combat burnout and mental fatigue

Works with employees to create a sustainable work pace

Defined policies promoting a professional, respectful workplace

Defined values and mission statements

Documented operating principles

Documented policies and procedures to protect employee privacy and data

Engineering team utilizes pair programming

Implements team-based strategic planning

Leadership encourages open, transparent debate

Leadership is transparent and communicative

Mistakes are treated as learning opportunities

Open office floor plan to encourage communication and collaboration

Policies promote a low-ego, team-driven culture

Prioritizes mission-driven work in decision-making processes

Prioritizes real-world impact of work in decision-making processes

Promotes a people-first, social culture

Promotes a strong in-person office culture

Uses an OKR operational model to clearly define goals and priorities

Utilizes an open door policy that encourages accessibility

Async-friendly policies, culture that encourage work flexibility

Established expectations for communication between time zones

Flexible work schedule is defined with set expectations for start times, working hours and availability

In-office days / expectations are defined

Utilizes a flexible work schedule