> [formance.com > Open Source Financial Core](https://www.formance.com/) # Formance - Open Source Financial Core Formance provides an agnostic infrastructure for building bespoke flows of funds using partners of your choice. It’s designed to address limitations of legacy financial infrastructure, particularly for companies seeking to develop custom flow of funds and features. ## Key Features * **Modular & Extensible Backend:** Formance offers a modular, extensible financial backend, allowing you to own your financial business logic and connect with preferred financial partners. * **Partner Agnostic:** Built on an agnostic infrastructure, enabling seamless integration with a wide range of financial partners. * **Addressing Limitations:** Specifically targets companies struggling with rigid legacy systems, siloed in-house systems, and inefficient revenue generation. * **Engineering Focus:** Simplifies engineering by providing a unified data layer and eliminating performance bottlenecks. * **Revenue Opportunities:** Unlocks new revenue streams and improves unit economics through strategic financial product adoption. ## Target Audience Companies facing limitations with their current financial infrastructure, including those struggling with rigid legacy systems, siloed in-house systems, and inefficient revenue generation. ## Current Limitations * **Product & Payments:** Feeling limited by your current financial stack? * **Engineering:** Struggling with siloed & legacy in-house system? * **Revenue:** Missing strategic product opportunities? ## Additional Information Formance secured $21 million in Series A funding co-led by PayPal Ventures and Portage Ventures to expand its open-source financial infrastructure. The company is trusted by leading companies to build and operate their financial backend.