Simetrik, a leading AI reconciliation platform that enables enterprises to automate complex reconciliation processes, standardize financial data, and ensure compliance across millions of transactions, announced an additional $30 million investment led by Growth Equity at Goldman Sachs Alternatives. Other Series B participants include Cometa, FinTech Collective, Moore Capital Management, Monashees, and Upload Ventures.
This follow-on financing brings Simetrik’s Series B to $85 million and will accelerate the company’s expansion in the United States and other fast-growing, highly regulated markets.
Simetrik’s no-code platform processes over one billion records per day in 40+ countries, giving finance and operations teams a single source of truth for reconciliation data. And by automating 100% of reconciliation workflows and delivering real-time alerts for exceptions, Simetrik helps customers grow margins, manage rising transaction complexity, and stay audit-ready in an increasingly complex international payments environment.
Customers: Simetrik’s customers include Stax Payments, Santander Group, Sephora, Possible Finance, Mercado Libre, Oxxo, Rappi, PayU, PagBank, Falabella, Itaú, and Nubank, among others, and strategic partners such as Deloitte. This trusted base has fueled the company’s 100% year-over-year revenue growth and rapid international expansion.
KEY QUOTES:
“Goldman Sachs’s continued support validates the global demand for a purpose-built AI reconciliation platform. With this investment, we’ll scale our U.S. 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.”
Alejandro Casas, co-founder and CEO of Simetrik
“Fragmented systems, skyrocketing volumes, and shifting regulations are pushing traditional reconciliation to a breaking point. Simetrik lets teams automate controls end-to-end, shorten the monthly close by days, and export AI-ready data for forecasting, risk modeling, and product innovation, without writing a single line of code.”
Santiago Gómez, co-founder and COO
“Simetrik combines AI and no-code configurability to solve mission-critical reconciliation and compliance challenges. Since partnering last year, the team has consistently exceeded its plans. We’re thrilled to deepen our investment and back their next phase of innovation and expansion into new markets like the U.S. while they continue to accelerate in high growth markets like Brazil.”
Hillel Moerman, a Partner at Growth Equity at Goldman Sachs Alternatives, who has joined Simetrik’s board
