Simetrik
- Company typePrivate
- Founded2019
- HeadquartersSan Francisco, United States
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
Simetrik firmographics
Firmographics- Name
- Simetrik
- Legal name
- Simetrik Inc
- Website
- https://simetrik.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Simetrik industry classification
Industry- Product category
- Enterprise Reconciliation and Financial Automation Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Activities Related to Credit Intermediation (5223), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Payment Reconciliation, Reporting & Settlement Infrastructure (FSAGABAH)
- akta.pro secondary industries
- Reconciliation, Ledgering & Money Movement Ops (Sub-ledgers, Settlement, Reporting) (FSAGALAL), Wire/RTP Reconciliation, Settlement & Nostro/Vostro Support (FSAMAHAH)
Keywords
Where Simetrik is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Simetrik business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Subscription: B2B SaaS subscription model for enterprise reconciliation and financial automation platform. Revenue generated from subscription fees for access to the AI reconciliation platform, compliant reporting tools, and no-code automation features.
- Professional Services: Implementation Partner network provides professional services to implement Simetrik's SaaS Platform for customers, generating additional revenue through service engagements.
- Partner Commissions: Co-Selling and Referral Partners earn commissions (20% for new co-selling deals, 15% for renewals) based on revenue share arrangements with Simetrik.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS Platform - Custom pricing based on scope and volume |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
Simetrik product offering
Product offeringCore offering
Simetrik provides an AI-powered, cloud-based enterprise reconciliation and financial automation platform. The platform enables payment companies, marketplaces, banks, neobanks, acquirers, issuers, and retailers to automate transaction matching, regulatory reporting, exception management, and financial close across multiple data sources using no-code workflows and AI Agents trained on more than one billion reconciled transactions. Delivery is via multi-tenant SaaS with regional cloud tenants covering Global, Brazil, Mexico, and APAC environments.
Product overview
Simetrik is an AI-powered, cloud-based enterprise reconciliation and financial automation platform (B2B SaaS) operating across Global, Brazil, Mexico, and APAC regions. The platform is architected as a unified core product — the Simetrik Platform — with integrated modules including AI Reconciliation (matching multi-way transactions at T+0 speed), Compliant Reporting (AI-generated financial and regulatory documents), No-Code Automation (drag-and-drop workflow builder), and AI Agents (intelligent agents trained on over one billion transactions for autonomous data quality and policy enforcement). These core capabilities are applied across a suite of vertical use-case modules covering Transaction Fee Management, Regulatory Reporting, Dispute Management, FX & Crypto Management, Liquidity & Cash Flow Monitoring, Merchant Reporting, Fraud & Risk Mitigation, and Financial Close. The platform targets industry segments including PSPs, Marketplaces, Acquirers, Issuers, Neobanks, Banks, and Retailers, organized by roles for Finance Operations, Accounting Teams, and Platform/IT teams. Supporting infrastructure includes a Platform Status Page (NCLC) and Trust Center. A formal Partner Program supports Co-Selling, Referral, Influenced Leads, Implementation, and Reseller tracks.
Differentiator
Problem solved
Functional benefit
Products and services
- Simetrik Platform An AI-powered, cloud-based enterprise reconciliation and financial automation platform that automates transaction matching, reporting, exception management, and financial close across multiple data sources for payment service providers, marketplaces, banks, neobanks, acquirers, issuers, and retailers.
Quantifiable outcome
- Reduce financial close cycle by 5 days
- +7 more outcomes
Companies that use Simetrik
Customer profileNamed customers21 records
Segments7 records
Ideal customer profiles4 records
Simetrik technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature4 records
Simetrik partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Partner Program NetworkcoreGlobal partner network including Co-Selling Partners, Referral Partners, Implementation Partners, and Reseller Partners. Partners receive commissions for referrals, sales, and services, along with training and certification. Key benefits include commissions, ongoing training, certification, and visibility as an official partner.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Simetrik competitors and assessment
Company assessmentDirect peers
- HighRadius: AI-driven finance automation platform covering order-to-cash, treasury, and reconciliation for large enterprises. Overlaps with Simetrik on AI-powered financial automation for enterprise finance teams.
- BlackLine: Public cloud-based financial close and account reconciliation platform. Most direct competitor to Simetrik on the financial close / reconciliation layer for enterprise finance teams.
- Trintech: Provider of financial close and reconciliation software (Cadency, Adra) for large enterprises. Direct competitor in the same financial close and reconciliation category, particularly for ERP-integrated deployments.
- FloQast: Cloud financial close management platform that automates reconciliation and close workflows for mid-market and enterprise accounting teams. Closest SaaS-native peer in automated close/reconciliation.
Emerging players
- SolveXia: No-code financial process automation and reconciliation platform. Closely comparable to Simetrik's no-code automation positioning, with focus on reconciliation, financial close, and reporting.
- Tipalti: AI-powered finance automation platform covering AP automation, supplier payments, and reconciliation. Adjacent competitor on the finance automation layer, particularly for payment-heavy enterprises.
Broad incumbents
- Workiva: Public cloud platform for regulatory reporting, audit, and compliance. Comparable to Simetrik's Compliant Reporting module and competes for the same finance/regulatory reporting budget.
- OneStream: Corporate performance management and financial close platform. Overlaps with Simetrik on financial close and reconciliation, typically deployed alongside large ERPs at enterprise customers.
- Oracle NetSuite: Cloud ERP that bundles reconciliation, financial close, and reporting functionality. Represents the incumbent risk that ERP-suite vendors can offer reconciliation as part of a broader enterprise deal.
Regional players
- Rivia: Brazilian payments reconciliation and financial automation platform serving PSPs and acquirers in Latin America. Direct regional overlap with Simetrik's core LatAm customer base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Simetrik social profiles
Digital presenceSimetrik financial estimates
Financial estimateRevenue estimate
Valuation estimate
Simetrik leadership team
Management profileNumber of profiles
Profiles4 records
Simetrik subsidiaries and ownership
Company hierarchySubsidiaries6 records
Simetrik funding detail
Funding detailFunding overview
Funding rounds10 records
Investors25 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Simetrik M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Simetrik
What does Simetrik do?
Simetrik provides an AI-powered, cloud-based enterprise reconciliation and financial automation platform. The platform enables payment companies, marketplaces, banks, neobanks, acquirers, issuers, and retailers to automate transaction matching, regulatory reporting, exception management, and financial close across multiple data sources using no-code workflows and AI Agents trained on more than one billion reconciled transactions. Delivery is via multi-tenant SaaS with regional cloud tenants covering Global, Brazil, Mexico, and APAC environments.
Is Simetrik a public or private company?
Simetrik is a private company. It is classified as venture growth investor backed and is currently operating.
When was Simetrik founded?
Simetrik was founded in 2019. It employs 251 to 500 people.
Where is Simetrik based?
Simetrik is headquartered in San Francisco, United States, in the North America region.
How does Simetrik make money?
Three revenue lines are on record. SaaS Subscription is the primary driver. The others are professional Services and partner Commissions.
Who are Simetrik's main competitors?
Direct peers on record are HighRadius, BlackLine, Trintech and FloQast. Emerging players are SolveXia and Tipalti. Broad incumbents are Workiva, OneStream and Oracle NetSuite. Rivia is listed as a regional player.
Does Simetrik have an API?
Yes. Simetrik exposes multiple internal services as APIs including: the Accounting Translator API (for translating accounting data), the Data Analysis API (for querying and analyzing reconciliation data), the Authentication service, the Download service, the Data Export service, the Integrations service, and the Universal Reconciliator API. These are referenced as distinct backend service components on the status page, indicating API-level accessibility for enterprise customers and partners. The Master Partner Agreement defines Simetrik as a 'SaaS provider of reconciliation and financial data solutions' and references 'Simetrik's subscription-based reconciliation and financial data platform.' API details such as public/partner availability, auth method, rate limits, and versioning are not explicitly stated in the available source material.
What industry is Simetrik in?
Simetrik's product category is Enterprise Reconciliation and Financial Automation Software. Its primary akta.pro industry code is FSAGABAH, Payment Reconciliation, Reporting & Settlement Infrastructure, with a secondary code of FSAGALAL, Reconciliation, Ledgering & Money Movement Ops (Sub-ledgers, Settlement, Reporting). Its NAICS code is 522320 and its SIC code is 7370.