Sunday, September 8, 2024
17.6 C
New York

Colombia’s Simetrik secures $55m Series B round led by Goldman Sachs

  • Colombian B2B payments solutions platform Simetrik has successfully completed a $55 million Series B funding round, led by Growth Equity at Goldman Sachs Asset Management.
  • Simetrik, founded in 2019, offers financial operations solutions using generative AI and its no-code development concept, Simetrik Building Blocks (SBBs).
  • The funds raised will be used to enhance SBBs with advanced and secure AI and expand its global presence, targeting significant payment firms and consumer platforms.
  • Simetrik monitors over 200 million records daily and operates in more than 35 countries, including key Asian markets such as India and Singapore.
  • The funding round included participation from Cometa, FinTech Collective, Actyus, Catalyst, Endeavor, Falabella Ventures, Mercado Libre Fund, Moore Strategic Ventures, and the co-founders of Vtex.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

Lloyds Bank taps Cleareye.ai to streamline trade finance documentation processing

Lloyds Bank has partnered with Cleareye.ai, a California-based...

Home equity fintech Unlock bags $30m Series B funding

Unlock Technologies, a US fintech founded in 2019,...

Visa prepares for 2025 launch of Visa A2A in UK

Visa A2A will launch in the UK in...

Alternative investment platform CAIS hires Kan Kotecha as CTO

Kan Kotecha has been appointed as CTO to...

Axway completes €330m acquisition of Sopra Banking Software

Deal Overview: Axway acquired SBS from Sopra Steria...

EU financial services analytics maturity report

Current State of Analytics: Evaluates the existing analytics...

Related Articles

Popular Categories

spot_imgspot_img