SIMETRIK RAISES $30M EXTENSION /// GOLDMAN SACHS LEADS SERIES B - $85M TOTAL /// 1+ BILLION RECORDS PROCESSED DAILY /// $116M+ TOTAL FUNDING RAISED /// ALEJANDRO CASAS CARO - CEO & CO-FOUNDER - SIMETRIK /// $52.5M ANNUAL REVENUE - 350+ EMPLOYEES - 40+ COUNTRIES /// Y COMBINATOR W18 - BACKED BY GOLDMAN SACHS, TIGER GLOBAL, MERCADO LIBRE FUND /// SIMETRIK RAISES $30M EXTENSION /// GOLDMAN SACHS LEADS SERIES B - $85M TOTAL /// 1+ BILLION RECORDS PROCESSED DAILY /// $116M+ TOTAL FUNDING RAISED /// ALEJANDRO CASAS CARO - CEO & CO-FOUNDER - SIMETRIK /// $52.5M ANNUAL REVENUE - 350+ EMPLOYEES - 40+ COUNTRIES /// Y COMBINATOR W18 - BACKED BY GOLDMAN SACHS, TIGER GLOBAL, MERCADO LIBRE FUND ///
Alejandro Casas Caro and Santiago Gomez, co-founders of Simetrik

Alejandro Casas Caro (right) and Santiago Gomez, co-founders of Simetrik. Photo: The Org / Simetrik.

Co-Founder & CEO · Simetrik

Alejandro
Casas Caro

Fintech Infrastructure • Bogotá, Colombia • Y Combinator W18

He started with a fashion startup that got into Y Combinator and flopped at Demo Day. He ended up building the reconciliation infrastructure that Rappi, Nubank, and Mercado Libre run on - and raised $116M along the way.

$116M+ Total Raised
1B+ Records/Day
40+ Countries
$52.5M ARR (2024)

The Pivot That Changed Everything

In early 2018, Alejandro Casas Caro stood on a Y Combinator Demo Day stage in San Francisco and pitched Ropeo - an on-demand fashion delivery startup for Latin America. He had grown it from $5,000 to $30,000 in monthly recurring revenue during the accelerator. He finished his pitch. And then: silence.

No investors approached. No term sheets followed. For most founders, that's the story. For Casas Caro, it was the opening chapter. He took the silence as data.

Back in Bogotá, he started talking to the companies he actually knew - the ones scaling fast, processing millions of transactions, drowning in spreadsheets. Rappi, at the time one of Latin America's fastest-growing super-apps, had a problem: reconciling financial data across hundreds of integrations, payment providers, and geographies was a manual nightmare. Casas Caro didn't pitch them a product. He spent three months inside Rappi's data infrastructure, manually mapping more than 250 data points, understanding the problem from the inside out.

The Rappi founders were convinced enough to write a $2 million pre-seed check. Simetrik was born.

The Detail That Matters

Before writing a line of Simetrik code, Casas Caro spent three months manually mapping Rappi's data. Not interviewing. Not surveying. Mapping. 250+ data points, by hand. That customer obsession is baked into the company's DNA.

There is an explosion of fintechs and fintech products. They have more reports and larger volumes of records, yet are still using manual processes. They need a new approach, and that is where our building blocks have a strong product-market fit.

- Alejandro Casas Caro, CEO, Simetrik

Reconciliation Is Not Boring. Ask Your CFO.

Every time money moves - a payment is made, a fee is charged, a transaction is recorded - someone has to verify that the numbers on one side match the numbers on the other. At scale, this is a different kind of problem. Rappi processes millions of transactions a day. Nubank serves 100 million customers. Reconciling all of that manually means armies of analysts, months of lag, and an unacceptable error rate.

Simetrik's bet is that financial reconciliation is fundamentally a data infrastructure problem dressed up in accounting clothes. Casas Caro, who studied UX design in Barcelona and cut his teeth as a software developer, built a no-code platform that lets finance teams connect any data source, define matching logic, and get real-time visibility into discrepancies - without writing code.

The platform now processes more than 1 billion records daily. It's used by companies across financial services, e-commerce, retail, and logistics. Customers like Mercado Libre, Nubank, PayU, and Bold use it not just for transaction matching but for financial close automation, regulatory compliance, and cash flow management.

What Casas Caro understood early - and what Goldman Sachs validated with two consecutive lead investments - is that the CFO tech stack was a decade behind the developer tools market. The same sophistication that engineers took for granted (automated testing, real-time monitoring, CI/CD pipelines) barely existed for finance teams. Simetrik is filling that gap, one reconciliation workflow at a time.

Funding Rounds

Pre-seed (Rappi founders) $2M
Series A - FinTech Collective (2022) $20M
Series B - Goldman Sachs (2024) $55M
Series B Ext. - Goldman Sachs (2025) $30M
Total Raised $116M+
Goldman Sachs Tiger Global FinTech Collective Mercado Libre Fund Falabella Ventures Cometa Moore Strategic Monashees Endeavor Catalyst Rappi Founders
$52.5M Annual Revenue (2024)

Up from $10M ARR in 2022

350+ Employees

Headquartered in Bogotá

20% M/M Growth (peak, 2022)

At time of Series A

Built in Stages

Early Career
Works as software developer. Co-founds Inclava Labs. Studies UX and Interactive Apps Design at IED Barcelona.
~2015-2017
Joins Mesfix as CTO - a Colombian fintech startup focused on crowdfactoring (invoice financing). Spends approximately 2.5 years there.
2018
Co-founds Ropeo, an on-demand fashion delivery platform for Latin America, with Santiago Gomez and Luis Huertas. Gets accepted to Y Combinator Winter 2018. Grows from $5K to $30K MRR during the program.
2018 - Demo Day
Ropeo Demo Day passes with no investor interest. The silence becomes the catalyst for a pivot - later called "El Pivote del Siglo" (The Pivot of the Century) in Latin American startup media.
2019
Embeds with Rappi's data team for 3 months. Maps 250+ data points in Rappi's reconciliation infrastructure. Rappi founders invest $2M pre-seed. Simetrik is born.
March 2022
Raises $20M Series A at $100M+ valuation, led by FinTech Collective. Tiger Global and Monashees participate. Company growing 20% month-over-month.
2023
Named to StartupBeat's 15 Fintech Founders To Watch. Simetrik joins Endeavor Colombia network.
February 2024
Raises $55M Series B led by Goldman Sachs Asset Management. Mercado Libre Fund, Falabella Ventures join as new investors. Company now in 35+ countries, processing 200M+ records daily.
2024
Simetrik reaches $52.5M ARR, 350 employees, 1B+ daily records. Expands U.S. presence with New York office.
June 2025
Raises $30M Series B extension led by Goldman Sachs Alternatives Growth Equity. Total funding exceeds $116M. Total Series B reaches $85M.

Goldman Sachs's continued support validates the global demand for a purpose-built AI reconciliation platform. 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.

- Alejandro Casas Caro, on the 2025 Series B extension

A Designer Who Thinks in Systems

Before fintech, before Y Combinator, Casas Caro spent time in Barcelona studying user experience and interactive design at IED - one of Europe's leading design schools. The instinct to understand users before building persists throughout his career: it's why he spent three months inside Rappi's data infrastructure before writing Simetrik's first line of code.

The technical and the human are not in conflict for him. The design training that might seem like an unusual detour for a fintech CEO shows up in Simetrik's product approach: a no-code platform for finance teams who are powerful in Excel but not in SQL. Casas Caro has consistently built toward the person who actually uses the software, not the engineer who integrates it.

He is a Colombian founder who got into one of Silicon Valley's most prestigious accelerators, struggled through the hardest public test of an early startup, and pivoted without drama into a company that Goldman Sachs has now bet on twice. In Latin American startup circles, the phrase "El Pivote del Siglo" - The Pivot of the Century - is used partly as a joke and partly as a genuine tribute.

The pivot from Ropeo to Simetrik was not a random restart. It was a migration from a product no one was willing to pay for to a problem nobody had solved elegantly at scale. From consumer to enterprise. From fashion to finance. From B2C to the infrastructure layer beneath the infrastructure layer.

With Simetrik now processing 1 billion records daily across 40+ countries and a U.S. expansion underway, the ambition is no longer regional. The benchmark Casas Caro cites is not other Colombian startups but the gap between what finance teams need and what enterprise software currently offers them. That gap, in his reading, is global.

What He's Actually Built

Milestone

Raised over $116M in total funding, with Goldman Sachs leading two consecutive rounds - a rare pattern for a Latin American startup.

Scale

Simetrik processes 1+ billion financial records daily across enterprise customers in 40+ countries.

Revenue

Built Simetrik to $52.5M annual recurring revenue with 350+ employees as of 2024 - a 5x+ growth from $10M ARR in 2022.

Network

Closed Rappi, Nubank, Mercado Libre, and PayU as customers - the defining companies of Latin American fintech and e-commerce.

Recognition

Named to StartupBeat's 15 Fintech Founders To Watch (2023). Simetrik listed among top Colombian startups by investment (KPMG 2025).

YC

Y Combinator Winter 2018 alumnus. Turned a failed Demo Day into the pivot that built a 9-figure company.

Things Worth Knowing

🎨

He earned two master's degrees in design at a European art school. He used the thinking to build fintech infrastructure trusted by Nubank and Rappi.

💡

Simetrik's first customer was also its first investor: Rappi, the Latin American super-app. The check and the deal arrived from the same conversation.

⏱️

1 billion records per day is approximately 11,574 records per second. Simetrik's infrastructure handles that continuously, across 40+ countries.

🔄

The Latin American startup press nicknamed his company pivot "El Pivote del Siglo" - The Pivot of the Century - from fashion e-commerce to fintech infrastructure.

🏦

Goldman Sachs has now led two of Simetrik's funding rounds. Traditional finance institutions rarely back the same early-stage company twice.

Alejandro Casas Caro in Conversation

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