Simetrik Secures $55m Series B Funding Led By Goldman Sachs

Simetrik Secures $55M Series B Funding Led by Goldman Sachs

This significant investment, joined by FinTech Collective, Cometa, Falabella Ventures, Endeavor Catalyst, Actyus, Moore Strategic Ventures, Mercado Libre Fund, and Vtex co-founders, aims to bolster Simetrik’s global expansion and enhance its financial automation technology.

Founded in 2019, Simetrik has introduced innovative solutions to streamline financial operations such as reconciliations, controls, and accounting through its Simetrik Building Blocks (SBBs). These no-code, AI-driven tools are designed to meet the evolving needs of CFOs and finance teams, promising further advancements with the new capital.

The company serves major firms like PayU, Mercado Libre, and Nubank, operating in over 35 countries and managing over 200 million records daily. With the Series B funding, Simetrik plans to extend its services to key global markets, focusing on major payment companies and consumer marketplaces.

Investors praised Simetrik’s growth and impact on the financial automation sector, highlighting the company’s potential to redefine enterprise financial operations worldwide. The backing by Goldman Sachs and continued support from existing investors underscore the confidence in Simetrik’s innovative approach and its future contributions to the financial technology landscape.

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