PANews reported on January 29 that according to TechCrunch, Formance, a programmable ledger development company, announced the completion of a $21 million Series A financing round, led by Paypal Ventures and Portage, with participation from Y Combinator, Hoxton Ventures and Axeleo, which had previously invested in the company. Formance mainly builds programmable ledger financial technology infrastructure to track all assets in and out of corporate accounts. In addition to ledger products, Formance also has a connection platform that can use a single API to integrate financial providers, orchestrate payments, and remit money across wallets and payment providers.