Tuesday, October 12, 2021

SUMA Wealth Raises $2M For Financial Apps

Los Angeles-based SUMA Wealth, a fintech startup which is aiming its apps and platform at U.S. Latino youth, is annoucning this morning that it has raised an additional $2M in pre-seed funding. The company says the new funding was led by Samara Hernández, founding partner at Chingona Ventures, with participation from Marcos Gonzalez at Vamos Ventures, the Kwanza Jones & José E. Feliciano SUPERCHARGED Initiative, Miriam Rivera from Ulu Ventures, Ilse Calderon at OVO Fund, Gale Wilkinson at Vitalize VC, Anna Barber at The Fund, Lorenzo Thione at Gaingels, along with others. The company says it has now raised a total of $3.3M for the company. SUMA Wealth said the new funding will go expand its technical capabilities and grow headcount. Among other features of the company's app is a Financial Checkup, which the company says provides a snapshot of important financial wealth metrics with personalized suggestions to its users.