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Trainer, startup specializing in open-source financial infrastructure, has just announced a fundraising 21 million euros in series Aa tour co-directed by Paypal Ventures and Portage. This funding marks a new stage for the company, which aims to standardize the management of transactional financial flows thanks to a modular and open-source approach.
From Open Source Ledger to a complete infrastructure
Founded in 2021Trained has imposed itself with a simple vision: to provide developers with essential bricks To design financial flows adapted to their needs. Its flagship product, the Core Ledgeris a transactional basis allowing companies to Structure and automate their financial flows. Today, this technology is already adopted by leading players such as Doctolib, Liberis, Booksy and B.Tech.
The founding idea is based on a key observation: All companies that manage complex financial flows need a robust infrastructure to orchestrate their transactions. Whether it is Fintechs, marketplaces or SaaS platformsthe need for a Efficient Core Ledger is a constant. Training meets this need with an offer open-sourceallowing companies to design fully personalized financial flows.
Expansion to Europe and the United States
If Trainer has convinced many customers thanks to its modular offerthis fundraising allows him to enter a new development phase. The company now aims to expand its range of services To include modules dedicated to financial and compliance teams.
The formance infrastructure is no longer limited to Core Ledger : it is enriched with tools like automation of financial workflows and payments reconciliation. These technological bricks allow companies to Design and control end -to -end funds, while guaranteeing compliance and scalability.
With this lifting of 21M €Formance account accelerate its expansion in the United States and Europe. The objective: Become the reference for all companies that manage complex financial flows.
A tour de table led by strategic actors
Serial A financing is Co-given by Paypal Ventures and Portagetwo strategic investors who know the challenges of financial infrastructure. Paypal Venturesthe investment arm of the online payment giant, brings to Formance Precious expertise in the automation of transactional flows. Portageon the other hand, is a fund specializing in fintech that supports companies with high potential in their international growth.
Alongside these two main investors, several Influential business angels participated in this round, in particular Ashish Aggarwal, Hélène Falchier, Lavigne victory, Dalton Caldwell, Aaron Epstein, Rob Kniaz, Payton Dobbs and Mathieu Viallard.
A changing market
The need for financial infrastructure Flexible and open is growing strongly, especially with the rise of “Embedded Finance”. Companies seek to directly integrate financial services (payments, credits, insurance) in their offers, which requires a robust and scalable infrastructure.
With his approach open-source and modularFormance is positioned as a Standard emerging in this area. Unlike closed and owners solutions, it offers companies a total freedom in the design of their financial flowsa key asset for fintechs and marketplaces seeking to innovate quickly.
Towards a standardization of financial infrastructure?
By developing a full ecosystemTrained aims to become the technological base on which companies build their financial services. With an increasing adoption of its Core Ledger and the development of new modules, the company asserts itself as a key player in the transactional infrastructure.
With this lifting of 21 million eurosTrained accelerates its growth and strengthens its position in the world fintech market. Remains to be seen if his open-source approach will impose himself as the new standard of financial infrastructure.
