Side-by-side comparison of AI visibility scores, market position, and capabilities
Paris open-source fintech infrastructure with programmable ledger and payment orchestration at 10x revenue growth; YC $21M PayPal Ventures/Portage Series A serving Doctolib and Liberis competing with Modern Treasury for fintech ledger-as-a-service.
Formance is a Paris, France-based open-source financial infrastructure company — backed by Y Combinator with $21 million raised in a Series A in January 2025 co-led by PayPal Ventures and Portage Ventures after 10x revenue growth, with prior investment from Hoxton Ventures and Axeleo Capital — providing fintech companies, vertical SaaS platforms, and financial institutions with programmable open-source ledger infrastructure (Formance Ledger), payment orchestration (Formance Payments), and transaction reconciliation automation, positioning as the "AWS for fintech infrastructure" with a developer-friendly platform that removes the need to build custom financial data management systems from scratch. Founded in 2021 and serving customers including Doctolib, Liberis, Booksy, and Btech, Formance is growing from 20 to 50 employees by end of 2025 and opening a New York office.
Kindful, nonprofit donor management/CRM platform (acquired by Bloomerang 2020), 1,000+ nonprofit customers, cloud-based fundraising software, online donation forms, donor analytics, email marketing, integrated with QuickBooks/Mailchimp, now part of Bloomerang suite
Kindful is a donor management and fundraising platform designed for nonprofit organizations to manage relationships, track donations, and execute fundraising campaigns. The company serves small to mid-sized nonprofits who need affordable, user-friendly software to organize donor data, process contributions, and measure fundraising effectiveness. Kindful provides tools for online giving, email marketing, event management, donor segmentation, and reporting that help nonprofits build stronger relationships with supporters, streamline fundraising operations, and increase donations while reducing administrative burden.
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