Simetrik has announced a $55 million Series B funding round led by Goldman Sachs.

The Colombia-based B2B financial solutions platform, first founded in 2019, has been focused on devising tools which aim to simplify and automate key financial tasks including record centralisation, reconciliations, controls, reporting, and accounting.

All of the company’s products are based on Simetrik Building Blocks (SBBs), a “scalable, adaptable, and intuitive concept” based on no-code development and GenAI.

Stating that its offerings are tailored to the dynamic needs of CFOs and their teams, Simetrik said the funding round would prime the company to further evolve its SBBs and serve to reinforce its role in the financial sector and help expand its global reach.

“This funding enables us to elevate our SBBs, integrating more advanced and secure AI to deliver unparalleled financial automation solutions,” commented Santiago Gómez, co-founder and chief operating officer of Simetrik.

Simetrick currently has a global footprint spanning more than 35 countries, and reportedly monitors over 200 million records daily.

“Financial automation is a thriving industry worldwide, and we were impressed by Simetrik’s solutions,” said Natan Reinig, vice president in growth equity at Goldman Sachs. “We believe this investment will allow it to expand even further through the Latin American market and beyond.”

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