Simetrik Raises Additional $30 Million to Scale AI Reconciliation Platform Across the U.S. and High-Growth Markets
Article content
Series B now totals $85 million; funding led by Growth Equity at Goldman Sachs Alternatives
Article content
NEW YORK — Simetrik, a leading AI reconciliation platform that enables enterprises to automate complex reconciliation processes, standardize financial data, and ensure compliance across millions of transactions – today announced an additional $30 million investment led by Growth Equity at Goldman Sachs Alternatives ('Goldman Sachs'). The 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.
Article content
Simetrik's no-code platform, powered by agentic AI, processes more than one billion records per day in 40+ countries, giving finance and operations teams a single source of truth for reconciliation data. By automating 100% of reconciliation workflows and delivering real-time alerts for exceptions, Simetrik helps their customers grow margins, manage rising transaction complexity, and stay audit-ready in an increasingly complex international payments environment.
Article content
'Goldman Sachs's continued support validates the global demand for a purpose-built AI reconciliation platform,' said Alejandro Casas, co-founder and CEO of Simetrik. '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.'
Article content
Santiago Gómez, co-founder and COO, added, '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.'
Article content
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 footprint.
Article content
'Simetrik combines AI and no-code configurability to solve mission-critical reconciliation and compliance challenges,' said Hillel Moerman, a Partner at Growth Equity at Goldman Sachs Alternatives who has joined Simetrik's board. '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.'
Article content
Other Series B participants include Cometa, FinTech Collective, Moore Capital Management, Monashees, and Upload Ventures.
Article content
About Simetrik
Article content
Simetrik is a B2B SaaS platform that empowers finance teams with AI-driven automation for reconciliation, compliance, and transactional control. Designed to handle the volume and complexity of modern financial ecosystems, Simetrik intelligently matches transactions from any source, standardizes data for AI and reporting, and enables continuous, real-time oversight. Operating in over 40 countries, Simetrik helps companies reduce risk, improve margins, and turn financial operations into a strategic advantage.
Article content
About Growth Equity at Goldman Sachs Alternatives
Article content
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.
Article content
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.
Article content
The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world's leading institutions, financial advisors and individuals. Goldman Sachs has approximately $3.2 trillion in assets under supervision globally as of March 31, 2025.
Since 2003, Growth Equity at Goldman Sachs Alternatives has invested over $13 billion in companies led by visionary founders and CEOs. The team focuses on investments in growth-stage and technology-driven companies spanning multiple industries, including enterprise technology, financial technology, consumer and healthcare.
Article content
Article content
Article content
Article content
MEDIA CONTACTS
Article content
Article content
FOR GS:
Article content
Article content
Article content
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
39 minutes ago
- Globe and Mail
Robinhood May Enter S&P 500 Club: A Win for Retail Investors?
Robinhood Markets Inc. HOOD is poised for potential inclusion in the S&P 500 Index, with an official announcement expected tomorrow. The index's quarterly rebalancing occurs later this month. Per the latest guidelines for the stocks' inclusion in the S&P 500 index, companies must have a market value of at least $20.5 billion and be profitable on a GAAP basis for the past four quarters cumulatively and in the most recent quarter. HOOD fits the bill. It has a market capitalization of almost $63 billion and has been consistently profitable over the trailing four quarters. Inclusion in the S&P 500 is significant, as it often leads to increased demand from index funds and passive investors who aim to replicate the index's performance. This heightened demand can boost a company's stock price and liquidity. For Robinhood, such inclusion would not only validate its growth trajectory but also enhance its visibility and credibility in the financial markets. However, the company must navigate potential challenges, including market volatility and regulatory scrutiny, especially given its involvement in cryptocurrency trading. HOOD's recent stock performance has been impressive, with a 94% rally this year. This has been driven by the expansion of its product suite, acquisitions, and favorable developments in the cryptocurrency space. Last month, Robinhood's competitor, Coinbase Global COIN, joined the S&P 500 Index. In the week following the announcement of its inclusion in the index, Coinbase shares soared 33.7% despite the news of a hack and regulatory scrutiny. America's largest registered cryptocurrency exchange, Coinbase, is well-placed to capitalize on heightened crypto market volatility and rising asset prices. Another HOOD peer that could become a part of the index this time is the global electronic broker, Interactive Brokers IBKR. With a market cap of approximately $87 billion, Interactive Brokers has been witnessing solid improvement in profitability as retail market participation continues to rise. This year, Interactive Brokers' stock has gained 16.6%. Robinhood's potential inclusion in the S&P 500 could be seen as a triumph, symbolizing the growing influence of retail trading platforms in mainstream finance. It underscores the shift towards democratized investing, where individual investors have greater access to financial markets. Robinhood's Valuation and Estimate Analysis Given the solid price performance, HOOD shares are currently trading at a massive premium to the industry. The company has a forward price-to-earnings (P/E) of 54.33X compared with the industry average of 13.61X. Moreover, the Zacks Consensus Estimate for Robinhood's 2025 and 2026 earnings reflect a growth of 11.9% and 20.5%, respectively, on a year-over-year. In the past month, earnings estimates for 2025 has remained unchanged, while for 2026, it has moved marginally upward. Image Source: Zacks Investment Research HOOD currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Interactive Brokers Group, Inc. (IBKR): Free Stock Analysis Report Coinbase Global, Inc. (COIN): Free Stock Analysis Report Robinhood Markets, Inc. (HOOD): Free Stock Analysis Report This article originally published on Zacks Investment Research (
Globe and Mail
2 hours ago
- Globe and Mail
Alberta resumes buying U.S. alcohol and gambling machines, months after pause meant to fight tariffs
Alberta is buying American alcohol and gambling machines again, three months after Premier Danielle Smith announced restrictions aimed at fighting back against U.S. tariffs. Service Alberta Minister Dale Nally says the move signals a 'renewed commitment to open and fair trade' with the United States. Smith said in March that the province would no longer buy U.S. alcohol and video lottery terminals, or sign contracts with American companies. That came a day after U.S. President Donald Trump slapped heavy tariffs on Canadian goods and energy. Nally says the decision to resume buying U.S. alcohol and gambling machines 'sets the stage for more constructive negotiations' ahead of a renewal of the Canada-U.S.-Mexico trade agreement. Ontario, Manitoba reach internal trade agreement, promise alcohol sales deal by end of June The minister says Albertans are encouraged to continue supporting local producers, even as more U.S. options return to store shelves. Nally said in April that the province was pausing its policy around procurement from U.S. companies 'in the spirit of diplomacy.' He said since the province's retaliatory measures were first announced in early March, the Trump administration had put a hold on further tariffs.
CBC
2 hours ago
- CBC
New regulations for businesses using environmental claims to sell products, services
New guidelines are out on how businesses can use environmental claims to sell their products and services. This comes after Canada's Competition Bureau faced backlash when it expanded rules around what can and cannot be claimed in advertising and marketing last year. As Jessica Cheung explains, reaction is pouring in about how effective these will be.
