# Formance: Free Open Source Alternative to Fragment, Modern Treasury, PayPal Braintree

Canonical: https://caniforkit.com/fork/formance
Last updated: 2026-11-07

Formance (Open Source, Open Source) replaces Fragment, Modern Treasury, PayPal Braintree, Twisp. Build custom financial flows and integrate with any provider using Formance's agnostic platform

## Tool Specifications
- **Tool Name**: Formance
- **Type**: Open Source Project
- **License**: Open Source
- **Official Website**: https://www.formance.com
- **GitHub Repository**: https://github.com/formancehq/stack
- **GitHub Stars**: ★ 533
- **Runs On**: Local
- **Maintenance Status**: nov 2026
- **Platforms**: desktop, cross-platform, one-click install
- **Data Storage**: All application data lives locally on your own machine.
- **Installation**: Clone https://github.com/formancehq/stack or deploy with Docker Compose
- **Setup Requirements**: Download the native package or installer for your operating system.
- **The Catch / Limitation**: Community-driven open source project without dedicated enterprise SLAs.

## Paid SaaS Applications Replaced (4)
Replacing these paid tools with Formance saves up to $100/mo ($1,200/yr) in software subscriptions:

| Replaced Software | Category | SaaS Price | Comparison Guide |
| --- | --- | --- | --- |
| [Fragment](https://caniforkit.com/fragment) | [dev tools](https://caniforkit.com/category/dev-tools) | $25/mo | [Compare Fragment vs Formance](https://caniforkit.com/vs/fragment-vs-formance) |
| [Modern Treasury](https://caniforkit.com/modern-treasury) | [dev tools](https://caniforkit.com/category/dev-tools) | $25/mo | [Compare Modern Treasury vs Formance](https://caniforkit.com/vs/modern-treasury-vs-formance) |
| [PayPal Braintree](https://caniforkit.com/paypal-braintree) | [dev tools](https://caniforkit.com/category/dev-tools) | $25/mo | [Compare PayPal Braintree vs Formance](https://caniforkit.com/vs/paypal-braintree-vs-formance) |
| [Twisp](https://caniforkit.com/twisp) | [dev tools](https://caniforkit.com/category/dev-tools) | $25/mo | [Compare Twisp vs Formance](https://caniforkit.com/vs/twisp-vs-formance) |

## Frequently Asked Questions

### Is Formance free and open source?
Formance is an open source tool licensed under Open Source that runs on local. Build custom financial flows and integrate with any provider using Formance's agnostic platform

### What is the trade-off or limitation of using Formance?
Community-driven open source project without dedicated enterprise SLAs.

## Related

- [Self-Hosted Open Source Directory](https://caniforkit.com/self-hosted)
- [All Paid SaaS Alternatives Index](https://caniforkit.com/alternatives)
- [Software Categories Directory](https://caniforkit.com/categories)
- [Homepage](https://caniforkit.com)