Formance raises $21M to build the AWS for fintech infrastructure

If you talk to a fintech entrepreneur about their business, chances are they’ll end up talking about ledger issues at some point. A ledger is a record of money movements that serves as the source of truth for financial assets, but when a company starts having multiple bank accounts, payment processors and funds spread across discrete services, it can become a headache to manage. Most companies end up dedicating engineering resources to build their own ledgers to solve that. French startup Formance started out trying to capitalize on this need...