Simetrik, a Colombian B2B financial automation platform, has secured a $55 million Series B funding round to fuel global expansion and enhance its AI-powered financial tools.
The funding, led by Growth Equity at Goldman Sachs Asset Management, reinforces Simetrik’s position in the rapidly evolving financial technology landscape. Founded in 2019, the company has carved a niche by offering intuitive solutions like record centralization, reconciliation, and automated financial reporting through its innovative Simetrik Building Blocks (SBBs).
SBBs leverage no-code development and generative AI to empower businesses with streamlined financial operations. “This funding enables us to elevate our SBBs, integrating more advanced and secure AI to deliver unparalleled financial automation solutions,” stated Santiago Gómez, Simetrik’s co-founder and COO.
The capital injection will also propel Simetrik’s global ambitions. With a presence in over 35 countries and monitoring over 200 million records daily, the company plans to target major payment companies and consumer marketplaces worldwide. “The plan is both ambitious and complex, but we believe in the company’s ability to continue redefining expectations,” said Carlos Torras, a partner at FinTech Collective, a returning investor.
Simetrik’s success reflects a growing trend in the fintech space: the rise of automation powered by AI. In December, Paymerang bolstered its offerings with receivables automation, aiming to streamline invoice-to-cash processes and improve cash flow visibility. Similarly, Danish startup Dealflow recently secured funding to develop an AI “worker” for automating finance tasks.
As businesses navigate the complexities of the global financial landscape, Simetrik and its peers are demonstrating the transformative potential of AI in making financial operations more efficient, accurate, and accessible. This latest funding round underscores the growing investor confidence in the power of automation to reshape the future of finance.