SUMA Wealth Reaches 1M Users and Secures $2.2M million in Funding
SUMA Wealth Reaches 1M Users and Secures $2.2M million in Funding
SUMA Wealth is the leading financial technology company devoted to increasing prosperity for young, U.S. Latinos.
SUMA Wealth has recently secured $2.2 million in new capital, signaling a significant stride forward in its mission to empower young U.S. Latinos in achieving financial prosperity. Led by Radicle Impact and joined by investors like Vamos Ventures, OVO fund, and the American Heart Association Impact fund, this funding round, alongside previous support from Ulu Ventures, Female Founders Fund, and Chingona Ventures, brings the company's total funding to $5.5 million. Founded by Beatriz Acevedo, Mary Hernandez, and Xavier Gutierrez, SUMA Wealth gained early recognition at TechCrunch Disrupt 2022's Battlefield 200, positioning itself as a leading fintech platform catering to an underserved demographic.
At the heart of SUMA Wealth's approach lies a commitment to delivering culturally relevant financial tools and content, tailored to the unique backgrounds and needs of its user base. Through advanced AI features, the platform offers personalized insights and experiences, promoting financial literacy and wealth accumulation among its expanding audience. With partnerships established with major financial institutions such as Morgan Stanley, JP Morgan, and Wells Fargo, SUMA Wealth continues to broaden its impact within the Latino community, while recent forays into enterprise solutions have further solidified its position, garnering over 1 million users collectively. Looking ahead, SUMA Wealth aims to drive further innovation, including enhanced AI personalization and expanded data analytics capabilities, reinforcing its standing as a transformative force in inclusive financial technology.
Read more in TechCrunch.
Check out Bea Acevedo in Founders Everywhere.