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Nearly two years after securing $ 20 million in Series A capital , B2B financial solutions startupSimetrikis back with additional investment to the air of $ 55 million in Series B funding .
The Colombia - based caller is developing financial mechanization technology around platter centralization , reconciliations , controls , reporting and account statement . Where it is differentiating itself is through its Simetrik Building Blocks , or SBBs , which are scalable and adaptable concepts based on no - code growing and generative AI technologies .
“ There are a routine of controls and automation that need to be done in the CFO ’s office , including financial flows , and many others that are presently run manually , ” Santiago Gómez , co - laminitis and COO of Simetrik , told TechCrunch . “ Never before has there been this approach . We had an instrumentation platform , which we left behind , and are now dedicated to software for chief financial officer . ”
Colombian payment infra startup Simetrik lands $ 20 M Series A at a $ 100M+ evaluation
Goldman Sachs Asset Management led the investment and was joined by Series A jumper cable FinTech Collective , and Cometa , a germ investor , Falabella Ventures , Endeavor Catalyst , Actyus , Moore Strategic Ventures , Mercado Libre Fund and the co - founders of Vtex .
The new capital gives Simetrik over $ 85 million in total venture - backed investment funds to appointment . When wepreviously profiledSimetrik in 2022 , the company ’s evaluation was over $ 100 million . This new round is moot an “ up around , ” however , cobalt - founders Alejandro Casas and Santiago Gómez slump to say by how much .
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In the past two years , the companionship grew to have node in more than 35 res publica , up from 10 , and is monitoring over 200 million records every day . antecedently that was 70 million records day by day . tax revenue also rise four times since the Series A.
In addition to high - growth Romance American entities like Rappi , Mercado Libre , Nubank , Oxxo and PayU , the party is working with PagSeguro , Falabella and Itaú , and has partnerships with firms including Deloitte . Simetrik also expanded its footprint in Asia to admit India and Singapore .
The consumption of the new investment trust will go into further grow the Simetrik Building Blocks , enhance AI capabilities and continuing to extend Simetrik ’s external orbit .
“ There is an explosion of fintechs and fintech products and services , not only with startup , but also bank and institutions are get into these products , ” Alejandro Casas , co - laminitis and CEO of Simetrik , told TechCrunch . “ They have more paper and large volumes of phonograph record , yet are still using manual processes . They want a new approach , and that is where our building blocking have a strong product marketplace piece . ”
