Formance

Name: Formance
Rating: 5.0 (1 reviews)

Build & track custom money flows, on a solid foundation

5.0•1 review•

805 followers

Build & track custom money flows, on a solid foundation

5.0•1 review•

805 followers

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Accounting software

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Payment processors

The Open Source & low-code solution for money movements ⚡️ Build any payment scenario using pre-built use case templates 🚀 Operate all your money flows between pay-ins and pay-outs 🔗 Track every transaction on a reliable system-of-record (ledger)

Free

Launch tags:Open Source•Fintech•Developer Tools

Launch Team

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Formance

Maker

Hey hunters! 👋 I’m Clem from Formance and today we’re really thrilled to launch the Open-Source Formance Stack on Product Hunt. We started building Formance in 2021 out of frustration with not having an off-the-self solution to build and track custom money flows. I'worked at a European marketplace with complex payment flows and real-time money-movement systems, building and scaling the payment infra there for 5 years and I know by experience this can be quite challenging, and absolutely critical. After weeks of user calls, we quickly realized that moving money properly is quite a challenge for any money-moving business (and not only marketplaces), and that the growth of fintechs, marketplaces, and platforms is closely tied to their ability to: - Process an exponentially increasing volume of transactions - Implement competitive payment scenarios, which can become increasingly complex e.g. multiple commission models, improved time-to-money and creative payout schedules, embedded fractional ownership of various investment assets, omnibus accounts and the like. Engineering teams spend valuable time building themselves these money flows and the way they are broken down; then making them evolve according to the development and the strategy of the company. Additionally, tracking and reconciliating these flows from pay-ins to payouts quickly upgrades itself from an small annoyance to a did-we-lost-10millions-type-of-problem™️ We are tackling this particular segment in the payment value chain which is still painful for engineering teams, yet critical: the break-down and tracking of money between inflows and outflows. In short, our product lets you model and record complex money movements, helping you accelerate your business operations. Build financial dashboards, deliver payments to your partners, and accurately track revenue across your entire operation. The Formance solution is based on four products designed to improve your economics, save time, and limit costly errors: 1/ A simple and open-source programming language for money: Numscript is designed for engineering and payments teams. This low-code language enables the creation of reliable and unique payment scenarios in a few hours, rather than days, without any particular technical expertise related to payments. 2/ Pre-built and extendable use-case templates: These templates let you quickly implement new business strategies or product features. Check them out here: https://www.formance.com/use-cas... 3/ An open-source financial ledger: Working in tandem with Numscript and designed for reliability, Formance Ledger is an immutable system-of-record that enables tracking financial flows that move value through various merchants, intermediaries, parties and the extraction of data for business analysis and decision-making. 4/ Real-time transaction tracking tools: Designed for finance and operations teams, Formance Cloud enable the reconciliation of pay-ins and payouts, and the identification of issues related to transactions. We believe that open-source and low-code go hand-in-hand with the diversity of money flows, payment scenarios and strategies that will make your company win! Give it a try at https://github.com/formancehq, and let us know what you think! We’d be happy to answer any question you may have in our Slack channel at https://formance.com/slack

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3yr ago

Formance

Maker

@superzamp 🚀🫶🏻✨

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3yr ago

Formance

Maker

🙌🙌🙌🙌@superzamp

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3yr ago

Formance

Maker

@superzamp 🚀🚀🚀

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3yr ago

Formance

Maker

@superzamp <3

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3yr ago

Formance

Maker

@superzamp 💪🤩✨

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3yr ago

Hey! Great launch! Congrats team! I love the idea and seems useful.

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3yr ago

Formance

Maker

@rahul_nair93 ✨🫶🏻🚀

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3yr ago

Formance

Maker

@rahul_nair93 Hey Rahul ! Thanks a lot ! We hope to solve ledgering for a lot of developers and companies !

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3yr ago

Formance

Maker

@rahul_nair93 Thanks a lot!! Don't hesitate if you have any question !!

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3yr ago

Formance

Maker

@rahul_nair93 Thank you Rahul! 🙏

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3yr ago

@rahul_nair93 Thank you!

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3yr ago

LogoliveryAI

Congrats on the launch 🚀 If you need some help with the logo and brand identity, you can contact me!

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3yr ago

Formance

Maker

@pavell2l 🚀🫶🏻

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3yr ago

Formance

Maker

@pavell2l Hey Pavel! Thank you for your support

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3yr ago

Formance

Maker

@pavell2l Thanks for your nice words!! Sure we won't hesitate to ping you!!

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3yr ago

Formance

Maker

@pavell2l thank you!! 👌

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3yr ago

@pavell2l Thank you!

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3yr ago

Congrats team 🙌

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3yr ago

Formance

Maker

@michaelohana Hey Michael ! Thanks a lot for your support ! It means a lot for us :)

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3yr ago

Formance

Maker

@michaelohana 🫶🏻✨

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3yr ago

Formance

Maker

@michaelohana Thank you Michaël! ;)

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3yr ago

Formance

Maker

@michaelohana Thanks Michael!! You've big of one biggest supporter since the early days !!!

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3yr ago

Formance

Maker

@michaelohana really appreciate it! Thank you!!

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3yr ago

CTO of shares.io We're a fintech with 60 software engineers. Formance system lets us build a reliable money movement backend without having to deal with all the complexity, concurrency issues, locking problems etc. It's hard to realize how hard money movements are, until you actually work on it

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3yr ago

Formance

Maker

@fruty Thanks for your support 🫶🏻✨

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3yr ago

MyTeslaMate

Maker

@fruty Thanks a lot !!

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3yr ago

Formance

Maker

@fruty really appreciate it! Thank you!!

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3yr ago

Formance

Maker

@fruty Thank you so much for your support François ! <3

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3yr ago

Formance

Maker

@fruty Thanks François! Very glad to partner with Shares.io

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3yr ago

Amazing!! 🙌👏

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3yr ago

Formance

Maker

@olivierjasmin Thank you Olivier ! You're amazing :D

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3yr ago

Formance

Maker

@olivierjasmin 🫶🏻✨

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3yr ago

Formance

Maker

@olivierjasmin Thank you Olivier!

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3yr ago

Formance

Maker

@olivierjasmin Really appreciate it! Thank you!!

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3yr ago

Formance

Maker

@olivierjasmin thank you!! 😁

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3yr ago

AI Link Manager

This is very powerful. Always been a big fan of open source stacks. Congratulations guys @superzamp @louhdetech @anne_sybille_pradelles @benjamin_andoque @jules_dupas1 @antoinegelloz

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3yr ago

Formance

Maker

Thanks a lot for your support Gaurav ! Open-Source is the way :)

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3yr ago

Formance

Maker

@superzamp @anne_sybille_pradelles @benjamin_andoque @jules_dupas1 @antoinegelloz @gauravgoyal_gg 🫶🏻

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3yr ago

AI Link Manager

@jules_dupas1 Oh yes, absolutely :)

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3yr ago

Formance

Maker

@gauravgoyal_gg Thank you Gaurav!

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3yr ago

Formance

Maker

@superzamp @louhdetech @anne_sybille_pradelles @benjamin_andoque @jules_dupas1 @gauravgoyal_gg ✨🙌

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3yr ago

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