Fintech start-up Formance raises $21m Series A led by PayPal Ventures and Portage
The funding will be used to “fuel Formance’s expansion across the US and Europe”.
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The funding will be used to “fuel Formance’s expansion across the US and Europe”.
The Sao Paulo-based credit platform has also secured a $20 million debt financing facility.
The early-stage round was led by Matrix Partners and saw participation from PayPal Ventures.
PayPal Ventures also participated in the round.