Case Study: Shares scales investing operations and supports 1,000+ assets with Formance Ledger

Shares scales to 1,000+ assets in 8 weeks with Formance

Shares, a social investment platform, needed a robust ledger system to accurately track complex money flows at scale as their user base grew rapidly. Their challenge was to avoid the lengthy and costly process of building this complex financial infrastructure in-house. They partnered with vendor Formance to implement the Formance Ledger.

Formance provided a double-entry accounting system that enabled real-time traceability of funds across brokers, payment providers, and user wallets. This solution allowed Shares to successfully expand into the EU market within just eight weeks. The implementation by Formance reduced the required engineering effort, cutting the number of dedicated full-time engineers by 50% and contributing to the platform's ability to manage over 1,000 stocks and assets.

Shares