Priya Patel
TLDR:
– Simetrik, a B2B financial automation platform, raised $55 million in a Series B funding round.
– The funding will help enhance Simetrik’s solutions with more advanced AI capabilities and expand its global reach.
Simetrik, a B2B financial automation platform based in Colombia, recently secured $55 million in a Series B funding round. The company, founded in 2019, offers intuitive solutions that streamline financial tasks like record centralization, reconciliations, and reporting through its Simetrik Building Blocks (SBBs) based on AI technologies. The funding will enable Simetrik to enhance its AI capabilities and provide better automation solutions to its clients.
The new capital will also support Simetrik in expanding its international reach, targeting major payment companies and consumer marketplaces worldwide. With a global presence in over 35 countries and monitoring 200 million records daily, the company aims to strengthen its position in the evolving financial sector.
In a similar space, Paymerang recently introduced receivables automation to its finance automation solutions, simplifying accounts receivable processes for businesses. Danish startup Dealflow also raised funds to develop an AI “worker” for finance automation, envisioning a future where finance power is easily accessible worldwide.
The Series B funding round was led by Growth Equity at Goldman Sachs Asset Management, with participation from existing investors like FinTech Collective and Cometa. This investment signals a strong vote of confidence in Simetrik’s growth and potential in the financial automation industry.
