Colombian Digital Payment Fintech Simetrik Raises US $ 24 Million

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Simetrik raised US $ 24 million in a Series A round almost three years after the company was founded. FinTech Collective led the round, with Tiger Global and monashees in attendance.

With this capital, the company aims to accelerate key hires, consolidate its operations in Latin America and strengthen its expansion strategy to Europe, the Middle East, Africa and the Asia Pacific region.

After this round, Simmetrik’s total funding will total US $ 31.2 million. According to Crunchbase..

By providing the payment infrastructure, the company has become a major player in the digital payment era.

“As payment methods become more saturated and complex, from BNPL, issuers, wallets and loyalty programs to crypto wallets and cash networks, payment orchestrator like Simetrik is the key to moving money and data records. “It will be,” co-founder and COO Santiago Gomez said in a statement.

Simetrik provides the infrastructure for businesses to better manage and make their financial transactions more transparent. They do this primarily by automating adjustments through cordless solutions.

Founded in 2019 by Alejandro Casas and Santiago Gómez, the company adjusts POS of US $ 75,000 annually in 22 countries. In addition, its clients include Mercado Pago, NuBank, Rappi Bank, Bancolombia, Addi, DLocal, Clara, Clip and Ualá.

Simetrik supporters include Cometa, Y Combinator, FinTech Collective, Tiger Global, Monashees, Fen Ventures, Clocktower Ventures, GFC, Mercado Libre Fund, Rallycap Ventures, Amador Holdings, FJ Labs, Wayra, Simma Capital, and some angels. Investors are included.

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