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Simetrik secures an additional $30 million in Series B funding, bringing the round total to $85 million, with continued backing from Goldman Sachs. The company provides an AI-driven, no-code platform that automates financial reconciliation at enterprise scale, processing over a billion records daily across 40+ countries. Its growing customer base includes major institutions like Santander, Nubank, and Sephora, reflecting strong demand for automated, audit-ready financial operations.
$85M and Counting: Why Investors Double Down on Simetrik
Simetrik announces an additional $30 million in funding as an extension to its Series B round, bringing the total raised to $85 million. The round is led by Growth Equity at Goldman Sachs Alternatives, marking continued support from its previous investors. This capital influx is directed at accelerating Simetrik’s expansion into the United States and other high-volume, compliance-heavy markets. The company had already closed the initial part of its Series B in 2024 and now extends it in response to rapid shifts in the financial technology landscape and heightened demand for enterprise automation tools.
The Hidden Cost of Outdated Reconciliation Tools
Reconciliation remains a major challenge across enterprise finance functions. Traditional systems are increasingly unable to manage the scale and complexity of modern financial data. Fragmented infrastructure, growing transaction volumes, and frequently changing regulatory frameworks strain even the most experienced financial teams.
Manual reconciliation processes lead to persistent inefficiencies, delays in monthly closes, and heightened exposure to errors. The margin erosion from outdated workflows and the operational risks posed by missing or misaligned financial data continue to compound in organizations operating across jurisdictions. These pain points signal a critical need for scalable, automated solutions that ensure compliance without sacrificing accuracy or speed.
How Simetrik Turns Financial Chaos Into Scalable Order
Simetrik develops an AI reconciliation platform designed to eliminate manual financial processes. Its core offering focuses on transaction matching, exception management, and compliance workflows. The platform enables teams to automate these tasks without any coding requirements.
Key capabilities include:
- Multi-way transaction reconciliation
- Automated alignment of financial records with journal entries and operational balances
- Real-time exception detection
- Audit-friendly data reporting down to the transaction level
Simetrik integrates agentic AI and no-code architecture to provide a flexible and scalable foundation for high-volume financial operations. This infrastructure allows companies to maintain financial oversight, reduce errors, and adapt to regulatory changes efficiently.
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Inside the Numbers: 1 Billion Records, 40 Countries, and 100% Workflow Automation
Simetrik currently processes over one billion records per day. Its platform is used in more than 40 countries and supports automated reconciliation workflows end-to-end. Companies that adopt Simetrik automate 100% of their reconciliation operations, achieving full visibility into transaction-level data and drastically reducing the time and cost of financial closings.
The platform is designed to export AI-ready data, supporting financial forecasting, risk modeling, and operational analysis. Its automation-first approach not only shortens the financial close cycle by days but also strengthens data integrity across departments.
Who’s Using Simetrik and Why It Matters
Simetrik is used by a diverse range of organizations across banking, fintech, retail, and enterprise services. Clients include Santander Group, Nubank, Sephora, Mercado Libre, Deloitte, Itaú, Rappi, PayU, and others operating in complex financial environments. These companies rely on Simetrik to reduce manual workloads, simplify audits, and manage large-scale reconciliation with accuracy and control. The platform’s adoption across such high-volume sectors highlights its operational reliability and adaptability in regulated, data-intensive industries.
What This Means for the Future of Financial Operations
The additional $30 million in Series B funding comes at a time when finance teams are under pressure to deliver faster, more accurate insights. Shifting regulations, increasing data volume, and the demand for integrated, AI-capable financial tools have changed the expectations for back-office systems.
Simetrik’s automation strategy directly supports these new demands by replacing error-prone processes with continuous, machine-driven reconciliation and compliance oversight. Its infrastructure enables financial data to serve as a decision-making tool, not just a reporting requirement.
Why Simetrik’s Momentum Is Just Getting Started
Simetrik plans to use this funding to scale its U.S. presence and expand into additional regulated markets. The company aims to deliver faster time-to-value for finance teams and enable them to act on discrepancies in real time. By simplifying audit workflows, reducing operational risk, and turning reconciled data into a strategic asset, Simetrik continues to build relevance in the enterprise finance space.
Investor confidence, rapid international adoption, and performance at scale indicate that Simetrik’s trajectory aligns with the evolving needs of global finance operations.
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