logo
logo

Suma Wealth Receives $2 Million In Additional Funding To Meet Unprecedented Growth And Further Empower Latino Community

Oct 12, 2021•almost 4 years ago

Amount Raised

$2 Million

Round Type

seed

Los Angeles

Description

SUMA Wealth, the leading financial technology company for U.S. Latino youth, announced today it has received an additional $2 million pre-seed round of funding, bringing the total to $3.3 million. In addition, SUMA has reached several major milestones in the expansion of its platform for wealth building and financial tools in order to meet community demand, including the acceleration of its AI-enabled financial applications, and new partnerships to power it. Funding will be used to expand SUMA's technical capabilities and grow headcount, which will better position SUMA to meet its goal of eradicating the Latino wealth gap.

Company Information

Company

Suma Wealth

Location

Los Angeles, California, United States

About

SUMA Wealth is the leading financial technology company devoted to increasing prosperity, opportunity, and financial inclusion for young, U.S.-born Latinos. SUMA's innovative approach deploys technology to build financial tools that are engaging, culturally relevant, and useful to the community. SUMA also creates user-centric content and brand-based experiences that inspire, inform and empower the community to build wealth and control their financial future. To learn more, follow us on Twitter and Instagram @wearesuma or visit www.sumawealth.com. CONTACT: Nadia GonzalezMobile: 917.656.5945Email: nadia@encsquared.io SOURCE SUMA Wealth