Simetrik, a FinTech company specialising in AI-driven financial reconciliation, has secured a total of $85m in Series B funding to support its global expansion.
The latest injection of $30m was led by Goldman Sachs Alternatives’ Growth Equity arm, which also led Simetrik’s initial Series B round in 2024. This brings the total Series B round to $85m, further boosting Simetrik’s push into the US and other highly regulated, high-volume markets.
Founded to tackle inefficiencies in financial reconciliation, Simetrik provides a platform that automates transaction matching, reduces operational risk, and ensures compliance at scale. Its software helps businesses replace error-prone, manual processes with automated systems, offering complete visibility into financial operations.
The new capital will be used to accelerate Simetrik’s presence in the US and similar markets, with a strong focus on shortening time-to-value for clients and enhancing operational agility.
Simetrik’s platform currently handles over one billion records daily across more than 40 countries. It enables clients to reconcile multi-way transaction data and align it with journal entries and balances, empowering financial teams with real-time oversight and reduced error rates.
Simetrik co-founder and COO Santiago Gómez said, “Fragmented systems, skyrocketing volumes, and shifting regulations are pushing traditional reconciliation to a breaking point.”
Simetrik co-founder and CEO Alejandro Casas added, “With this investment, we’ll scale our US presence and deliver even faster time-to-value, helping finance teams cut waste, act immediately on discrepancies, and turn reconciled data into a strategic advantage.”
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