Simetrik Adds US$30 Million to Series B for US, LatAm Growth

Simetrik, an AI-powered reconciliation platform, has raised an additional US$30 million in funding, bringing its total Series B round to US$85 million. The extension was led by Growth Equity at Goldman Sachs Alternatives and will support the company’s expansion in the United States and key Latin American markets, including Mexico.

Simetrik offers a no-code solution that automates reconciliation workflows for financial and enterprise clients. The platform, which processes over 1 billion records daily across more than 40 countries, helps finance teams streamline operations, reduce risk, and ensure regulatory compliance.

The company reports that its system can automate up to 100% of reconciliation workflows while delivering real-time alerts to identify discrepancies. Clients use Simetrik to improve audit readiness and increase operational efficiency in complex transaction environments.

“The continued support from Goldman Sachs validates the global demand for AI-based reconciliation technology built for scale,” said Alejandro Casas, Simetrik’s co-founder and CEO. “This investment will allow us to expand our presence in key markets and deliver faster ROI by helping finance teams address inefficiencies and turn reconciled data into strategic value.”

Santiago Gómez, co-founder and COO, highlighted that fragmented systems, rising transaction volumes, and evolving regulations are pushing traditional reconciliation methods to their limits. “Simetrik enables teams to automate end-to-end controls, shorten closing times, and export AI-ready data for forecasting, risk modeling, and product development—all without writing a single line of code,” Gómez said.

Simetrik's client base includes companies such as Stax Payments, Santander Group, Possible Finance, PagBank, Getnet, Sephora, Mercado Libre, Rappi, PayU, PagSeguro, Falabella, Itaú, and Nubank. In Mexico, clients include Oxxo, Femsa, Spin by Oxxo, Monex, and Soriana.

The company reported a 144% increase in revenue in Mexico from 2023 to 2024, driven by client growth and international expansion.

Hillel Moerman, Partner, Goldman Sachs Alternatives, recently joined Simetrik’s board of directors. “Simetrik combines AI and no-code configuration to address reconciliation and compliance challenges,” Moerman said. “Since we began our partnership last year, the team has consistently exceeded expectations. We are pleased to deepen our investment as they expand in the United States and accelerate growth in markets such as Brazil.”

Other investors in Simetrik’s Series B round include Cometa, FinTech Collective, Moore Capital Management, Monashees, and Upload Ventures.