Formance
What's It Like to Work at Formance?
What People Are Saying About Formance
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Mission & Purpose: Work centers on building open‑source, programmable financial infrastructure (ledger, flows, wallets, reconciliation) where correctness, auditability, and reliability are emphasized. This clear, developer‑first mission is portrayed as meaningful with visible impact through shipping in the open.
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Benefits & Perks: Total rewards are described as robust, including full health coverage, dental and vision, a 401(k) with a 4% match, equity, bonuses, and unlimited PTO with a tracked minimum of 20 days. Wellness initiatives, an EAP, and office perks with well‑designed workspaces further round out the package.
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Autonomy: As a small, founder‑led, post‑Series‑A team, roles are framed with high ownership and accountability and direct influence across product and process. Materials also highlight public recognition, open debate, and a low‑ego culture that supports individual agency.
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
Encourages lateral mobility to expand skills and impact
Posts new positions internally and encourages employees to apply
Prioritizes promotion advancement based on impact
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
