SUMA Wealth is the leading financial technology company devoted to increasing prosperity, opportunity, and financial inclusion for young, U.S. 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.
Location: United States, California, Los Angeles
Employees: 11-50
Total raised: $7.5M
Founded date: 2020
Investors 5
| Date | Name | Website |
| - | Backstage ... | backstagec... |
| - | Vitalize V... | vitalize.v... |
| - | Everywhere... | everywhere... |
| 08.06.2024 | Silicon Va... | sv2.org |
| - | Vamos Vent... | vamosventu... |
Funding Rounds 3
| Date | Series | Amount | Investors |
| 06.02.2024 | - | $2.2M | - |
| 17.11.2021 | - | $3.3M | - |
| 12.10.2021 | Pre-Seed | $2M | - |
Mentions in press and media 18
| Date | Title | Description |
| 07.02.2024 | SUMA Wealth Collects $2.2M | Los Angeles-based SUMA Wealth, a fintech company led by Beatriz Acevedo, says it has raised $2.2M in a funding round. The funding was led by Radicle Impact, and also included Vamos Ventures, OVO fund and American Heart Association Impact fu... |
| 06.02.2024 | SUMA Wealth grabs $2.2M as its financial platforms reach 1M users | SUMA Wealth now has $2.2 million in new capital to continue developing financial tools, content and live and digital activations for young U.S. Latinos to build wealth. Radicle Impact led the investment with participation from Vamos Venture... |
| 04.01.2023 | Try This New Year’s Resolution For Your Emergency Fund | Tis the season for new year’s resolutions. |
| 21.10.2022 | Suma Wealth helps Latinos build credit through gaming, in-culture content | Just when Beatriz Acevedo thought she was out, an opportunity to start Suma Wealth pulled her back in. The California-based company, which exhibited as part of the Battlefield 200 at TechCrunch Disrupt, is designed for Latinos and offers in... |
| 29.09.2022 | The Startup Battlefield 200: SaaS, Enterprise, Retail and FinTech edition | We’re beyond amazed at the collective creativity, ingenuity and technical prowess of the Startup Battlefield 200. Out of thousands of applications, only 200 early-stage startups made the final cut, and you’ll find all of them — and only the... |
| 02.09.2022 | DFPI Recognizes Outreach Partners for Latino Heritage Month | In celebration of Latino Heritage Month (September 15 to October 15), also known as National Hispanic Heritage Month, the DFPI recognizes the work of our Spanish language and Latino community outreach partners. These statewide community-bas... |
| 06.05.2022 | Chingona Ventures lands $52M to fund overlooked founders in massive markets | Chingona Ventures, a three-year-old, Chicago-based venture outfit that invests in pre-seed startups, primarily in the Midwest and primarily founded by overlooked individuals who are focused on massive markets, has closed a new fund with $52... |
| 14.10.2021 | SUMA Wealth Receives $2 Million In Additional Funding To Meet Unprecedented Growth And Further Empower Latino Community | Oversubscribed round accelerates platform, new partnerships to increase capabilities and close wealth gap Investors are highly diverse, including mostly women and more than 70% Latinx SUMA Wealth, the leading financial technology company fo... |
| 13.10.2021 | Suma Wealth Raises $2M in Pre-Seed Funding | Suma Wealth, a Los Angeles CA-based financial technology company for U.S. Latino youth, raised $2m in Pre-Seed funding, bringing the total to $3.3m. The round was led by Samara Hernández, founding partner at Chingona Ventures, with particip... |
| 12.10.2021 | SUMA Wealth Raises $2 Million in Pre-Seed Funding, Seeks to Eliminate Latino Wealth Gap | SUMA Wealth has announced an additional $2 million pre-seed round of funding, bringing the total to $3.3 million. The Fintech aims to accelerate the development of its AI-enabled financial applications with the new funding being used to exp... |
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