SUMA Wealth Pitch Deck
SUMA Wealth, a 3-year-old fintech company that combines culturally relevant content and experiences with financial tools to help Latinos build wealth, raised $2.2 million in new funding. Suma's approach includes a lot of colorful, food-themed video and gaming content that's useful (and funny).
The company has seen 62% annual user growth. Suma also works with big banks like JPMorgan Chase and Wells Fargo to reach Latino customers. The fintech platform is monetizing its partnerships with several leading brands, including dating app Match.com.
The latest funding round was led by Radicle Impact, which was joined by Vamos Ventures, OVO fund, and the American Heart Association Impact fund. They joined previous backers Ulu Ventures, Female Founders Fund, and Chingona Ventures. The new round brings Suma's total funding to $8.8 million.
$2.2M • 2024 • Series A
About the SUMA Wealth Pitch Deck
- Raised: $2.2M
- Year: 2024
- Stage: Series A
- Investors: VC: Radicle Impact (Lead), Vamos Ventures, OVO fund, American Heart Association Impact Fund
About SUMA Wealth
Suma Wealth is a FinTech company with the mission to engage, educate, and empower the Latino community.
- Industry: Fintech
- Tags: Fintech, Finance, Personal Finance, Latino, LatinX
- Business Model: B2C
- Customer Model: SaaS
- Website: https://sumawealth.com/
- Legal Name: SUMA Wealth
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