Colombian startup Simetrik, which offers no-code payment infrastructure tools, raises a $20M Series A at a $100M+ valuation led by FinTech Collective
Mary Ann Azevedo / TechCrunch :
Context & Ripple Effects
Simetrik's raise lands mid-wave in Colombian fintech: weeks earlier, Bold pulled in a $55M Series B led by Tiger Global for its SMB card reader and pay-by-link service, and Belvo had already built an open finance API platform for accessing end-user financial data. Simetrik sits one layer below those apps, selling no-code payment infrastructure rather than a merchant-facing product.
The playbook has a US precedent in the corpus: Finix raised a $35M Series B led by Sequoia selling payments tech to other businesses, and Simetrik is importing that payments-as-a-service structure to Latin America. The trajectory held up — the company later drew a $30M Series B extension from a Goldman Sachs Alternatives unit, taking that round to $85M total.
First-order effects
- FinTech Collective's lead gives Simetrik capital at a $100M+ valuation to scale its no-code tooling across Latin American businesses that lack in-house payments engineering.
- The round makes Simetrik a funded peer to the app-layer players it supplies or competes with for attention — Bold and Treinta, whose $46M Prosus-led raise claimed 4M SMB users across 18 countries.
Second-order effects
- Infrastructure rivals like Belvo now face a capitalized competitor for the same developer and finance-team integrations, pushing differentiation toward breadth of payment rails versus data access.
- SMB-facing platforms such as Bold and Treinta gain faster options to assemble payment features from no-code blocks instead of building them, shifting their spend from engineering to distribution.
Third-order effects
- If the pattern holds, Latin American fintech stratifies into a rails layer (Simetrik, Belvo) beneath an application layer (Bold, Treinta, Addi's BNPL), mirroring the Finix-style separation already visible in the US market.
- Global investors rotating from consumer apps into financial infrastructure signals that LatAm deal-making is maturing past user acquisition toward monetizing the plumbing itself.
The trend: Latin American fintech is moving up the stack from consumer-facing apps to investable payments infrastructure, with global funds underwriting the region's picks-and-shovels layer.