Fintech startup Simetrik has successfully raised $55 million in Series B funding, spearheaded by Goldman Sachs. Simetrik positions itself as a B2B fintech innovator, offering cutting-edge financial operations, accounting, and financial planning and analysis (FP&A) solutions. The company's Series B investors include FinTech Collective, Cometa, Falabella Ventures, Endeavor Catalyst, Actyus, Moore Strategic Ventures, Mercado Libre Fund, and Vtex co-founders.
Simetrik's funding will be utilized to expand the adoption of its intuitive solutions, which encompass record centralization, reconciliations, controls, reporting, and accounting. Leveraging its proprietary Simetrik Building Blocks (SBBs) technology, based on no-code and generative AI, the company can tailor services to diverse CFOs and financial teams. Simetrik's remarkable growth in its five years of existence has established a global presence in over 35 countries, monitoring more than 200 million records daily, particularly in key markets like India and Singapore. The co-founder and COO, Santiago Gómez, emphasized that the funding will enhance SBBs with advanced and secure AI, aiming to deliver unparalleled financial automation solutions. The Vice President of Growth Equity at Goldman Sachs Asset Management, Natan Reinig, expressed confidence in Simetrik's potential to expand further through the Latin American market and beyond, highlighting the thriving global financial automation industry.
