Formations provides a financial management solution designed to maximize the financial wellbeing of the self-employed. It leverages technology and human expertise to automate entity creation, bookkeeping, payroll, taxes and benefit allocations throughout the year. Founded by tax and accounting expert Shahar Plinner and growth marketer Uri Bar-Joseph, the company aims to simplify year‑round financial operations for independent workers. Formations announced a strategic partnership with Gusto and extended its relationship with Xero as its preferred accounting solution. The company recently closed an $8M Series A and intends to use the funds to expand operations and further develop its solution. Formations is based in Bellevue, WA.

Total raised

$8M

Funding rounds

1

Latest round

Series A

Latest activity

Apr 2022