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Latitud Podcast

#171 - Santiago Gomez, Simetrik: the journey to a $55M Series B

Mar 5, 2024
Two founders transformed a failing e-commerce business into a successful financial platform. They faced funding challenges due to lack of 'founder-product fit'. By focusing on their passion, they built a platform for managing financial transactions and data. The company evolved, securing significant funding rounds. They discuss the importance of culture, technical growth, and fundraising challenges.
38:11

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Quick takeaways

  • Pivoting from an e-commerce business due to lack of investor fit led to Symmetric's creation, emphasizing financial solutions.
  • Symmetric's growth showcased the importance of evolving product development and values-driven culture for market scalability.

Deep dives

Pivoting from E-commerce to Financial Transactions Platform

Santiago Gomez and Alejandro Casas pivoted from an e-commerce business after struggling to find funding, as investors saw no founder product fit. As suggested by a mentor, they ended the startup and developed Symmetric, focusing on financial transactions. They signed a contract with RAPI to address company problems, leading to Symmetric's birth. The evolution of Symmetric expanded globally, securing significant funding rounds.

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