Simetrik, a Bogotà, Colombia-based B2B financial solutions startup, has raised $55 million in Series B funding, bringing its total raised to over $85 million to date.
SaaS Investors
Led by Goldman Sachs Asset Management, and joined by Series A lead FinTech Collective, and Cometa, a seed investor, Falabella Ventures, Endeavor Catalyst, Actyus, Moore Strategic Ventures, Mercado Libre Fund, and the co-founders of Vtex.
Goldman Sachs Asset Management is an asset management firm bringing together traditional and alternative investments, they provide clients around the world with a dedicated partnership and focus on long-term performance.
Simetrik Use of Funds
The new funds will support further development of SBBs, AI enhancements, and international expansion, addressing the increasing need for automated financial processes in an evolving fintech landscape.
About Simetrik
Founded in 2014 by Santiago Gomez and Alejandro Casas Caro, Simetrik is a fintech startup delivering control and visibility over your company's financial transactions through automatic reconciliation. Simetrik focuses on financial automation technology, leveraging Simetrik Building Blocks (SBBs) based on no-code development and generative AI. The company serves clients in over 35 countries and monitors 200 million records daily. The company is headquartered in Bogotá, Colombia.
Funding Details
Company: Simetrik, Inc.
Raised: $55.0M
Round: Series B
Funding Month: February 2024
Lead Investors: Goldman Sachs Asset Management
Additional Investors: FinTech Collective, Cometa, Falabella Ventures, Endeavor Catalyst, Actyus, Moore Strategic Ventures, Mercado Libre Fund
Company Website: https://www.simetrik.com/
Software Category: Financial
Source: https://techcrunch.com/2024/02/21/goldman-sachs-simetrik-payment-infrastructure-fintech/