Simetrik

Simetrik is a fintech startup delivering control and visibility over your company's financial transactions through automatic reconciliation.

Simetrik is on a mission to bring transparency and trust on business data by empowering people with technology.

Simetrik was founded in 2014 by Santiago Gomez and Alejandro Casas Caro. The company is headquartered in Bogotá, Colombia.

 

Simetrik's software automates reconciliation for financial teams that have a high number of transactions and reports. It works by reconciling that financial information with the aim of providing “real-time visibility, traceability and cleaned information” to their finances.

 

Simetrik recently began offering a payment methods orchestrator, which allows payment services companies to be able to connect directly to different payment methods. This has the potential to save the companies months of work and thousands of dollars in investment.

 

Simetrik has reconciled $75B of TPV (total portfolio value) per year. Today, it has 45 clients across 10 countries and is processing transactions in 25 countries. Customers include Rappi, Mercado Libre, Bancolombia, Clip, Ualá, DLocal, Nubank, Oxxo, Payu, and Chai Payments.

 

Simetrik is backed by FinTech Collective, Tiger Global, Moore Strategic Ventures, Global Founders Capital, Monashees, Y Combinator, Alpha4 Ventures, Cometa, and others. The company raised $20M in Series A and $4M in Debt financing on Mar 24, 2022. This brings Simetrik's total funding to $29.3M to date. The latest round valued the company at over $100M post-money.

 

 

  • Year founded: 2017
  • Funding Info: $29.3M over 4 Rounds (Latest Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: Valued at over $100M as of Mar 24, 2022
  • City/Town: Bogotá
  • State: Distrito Especial
  • Country: Colombia
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