Simetrik Strengths, Domain Expertise, and Key Differentiators
Simetrik distinguishes itself in the market through its innovative solutions tailored for financial automation. Leveraging Simetrik Building Blocks (SBBs), the company offers a no-code development platform empowered by generative AI technologies. This unique approach enables clients to simplify and automate complex financial tasks, including record centralization, reconciliations, controls, and reporting. Simetrik's commitment to continuous improvement is further exemplified by its focus on enhancing AI capabilities and expanding its international presence, ensuring that clients benefit from cutting-edge solutions tailored to their evolving needs.
Simetrik Recent Developments
Simetrik announced a significant milestone in its growth trajectory. Following a successful Series A funding round of $20 million two years ago, the company has now secured an impressive $55 million in Series B funding. This injection of capital, led by Goldman Sachs Asset Management, underscores the market's confidence in Simetrik's innovative approach to financial automation. With a total venture-backed investment of over $85 million to date, Simetrik is well-positioned to accelerate its expansion plans and further enhance its product offerings.
Simetrik Mergers and Acquisitions (M&A) Activities
Simetrik's recent Series B funding round was led by Goldman Sachs Asset Management, with participation from prominent investors such as FinTech Collective, Cometa, Falabella Ventures, and others. This significant investment not only highlights the company's growing stature in the financial technology sector but also provides the necessary resources to fuel its ambitious expansion initiatives.
Simetrik Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Simetrik applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Simetrik and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Simetrik Building Blocks customers.
Simetrik Overview
Cl. 91 # 11-29
Bogota, x, x, Colombia
57 3043877835
https://www.simetrik.com/
Ownership: - x
Number of Employees: 300
Functional Markets: EPM,
Key Verticals: Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Simetrik Key Enterprise and Cloud Applications
Simetrik Building Blocks
Simetrik Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Simetrik Revenue Breakdown By Type, $M:
Simetrik Enterprise Applications Revenues By Functional Markets, $M:
Simetrik Enterprise Applications Revenues By Verticals, $M:
Simetrik Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Simetrik Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Simetrik Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Simetrik Customers
No. of Simetrik Customers: 150
No. of Simetrik Enterprise Applications Customers: 150
No. of Simetrik Cloud Customers: 150
No. of Simetrik Cloud Subscribers: x
Simetrik boasts a diverse clientele spanning more than 35 countries, with a strong presence in Latin America. The company's solutions cater to businesses across various industries, including high-growth entities such as Rappi, Mercado Libre, Nubank, and PayU. With over $150 billion in transactions annually, Simetrik serves companies generating more than $150 million in sales per year, providing mission-critical financial and accounting services tailored to their unique requirements.
Simetrik Market Opportunities, M&A and Geo Expansions
The burgeoning landscape of fintech innovation presents immense opportunities for companies like Simetrik. As organizations increasingly seek to streamline financial processes and embrace digital transformation, the demand for advanced automation solutions continues to rise. Simetrik's strategic focus on cloud-native, AI-driven solutions positions it at the forefront of this paradigm shift, enabling clients to unlock new efficiencies and drive sustainable growth. Moreover, the company's expansion into new regions, coupled with its relentless pursuit of innovation, underscores its commitment to capitalizing on emerging market trends and technological advancements.
Simetrik Risks and Challenges
While Simetrik enjoys significant momentum and market traction, it faces inherent risks associated with rapid expansion and technological disruption. Internal challenges such as talent acquisition, organizational scalability, and operational efficiency may impede growth if not effectively addressed. Additionally, external factors such as regulatory compliance, cybersecurity threats, and competitive pressures pose potential risks to the company's long-term viability. Navigating these complexities requires a proactive approach to risk management and a keen understanding of market dynamics.
Simetrik Ecosystem, Partners, Resellers and SI
Simetrik's success is bolstered by its robust ecosystem of technology integrations and strategic partnerships. Collaborations with leading system integrators and value-added resellers enhance the company's market reach and facilitate seamless integration with complementary solutions. By fostering a vibrant ecosystem of innovation, Simetrik ensures that clients have access to best-in-class technologies and expertise, enabling them to maximize the value of their investments and drive sustainable business outcomes.
Simetrik Cloud Infrastructure Insights
Subscribe to read more about:
- Simetrik Public Cloud and Infrastructure (IaaS)
- Simetrik Platform (PaaS)
- Simetrik Application Delivery
- Simetrik Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/About Ushttps://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
