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PayPal Ventures co-leads $21 million investment in programmable ledger builder Formance

30th January 2025 Church News.

Formance, developer of an open source programmable ledger for financial flows, has closed on a $21 million Series A funding round co-led by PayPal Ventures and Portage Ventures, with participation from Y Combinator, Hoxton Ventures, and Axeleo Capital.