In the past two years, Simetrik has grown to have clients in over 35 countries and is monitoring over 200 million records daily, up from 70 million. The company's revenue has also quadrupled since its Series A round. Simetrik's clients include high-growth Latin American entities like Rappi, Mercado Libre, Nubank, Oxxo and PayU, and it has partnerships with firms including Deloitte. The company has also expanded its footprint in Asia to include India and Singapore.
Key takeaways:
- Simetrik, a B2B financial solutions startup, has secured $55 million in Series B funding, led by Goldman Sachs Asset Management, bringing its total venture-backed investment to over $85 million.
- The company is developing financial automation technology, differentiating itself through its Simetrik Building Blocks (SBBs), scalable and adaptable concepts based on no-code development and generative AI technologies.
- Simetrik has grown significantly in the past two years, now having clients in more than 35 countries and monitoring over 200 million records daily, a significant increase from 70 million records daily.
- The new funds will be used to further develop the Simetrik Building Blocks, enhance AI capabilities, and continue to expand Simetrik’s international reach.