Logo Formance

Formance

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

Formance Company Growth, Stability & Outlook

Updated on October 26, 2026

What People Are Saying About Formance

  • Strong Revenue Growth: Revenue is reported to have increased tenfold in the 12 months before January 2025, indicating sharp commercial acceleration. The underlying starting and ending figures were not disclosed.
  • Investor Backing & Capital Strength: Funding is highlighted by a $21 million Series A co-led by PayPal Ventures and Portage to support U.S. and European expansion and platform development. This level of capital suggests capacity to invest in growth.
  • Market Expansion: Geographic presence includes new offices in New York and London, with stated priorities around U.S. and European expansion. Hiring materials describe a push into U.S. enterprise sales and plans to grow the team beyond 40.