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SUMA Wealth secures $2.2m funding to empower U.S. Latinos in wealth building

PRIVATEFeb 07, 2024

Amount Raised

$2.2 Million

Round Type

Seed

Los AngelesFinance

Investors

Radicle ImpactVamos VenturesOVO FundAmerican Heart Association Impact FundUlu VenturesFemale Founders FundChingona Ventures

Description

SUMA Wealth has secured an additional $2.2m in funding, led by Radicle Impact, with contributions from Vamos Ventures, OVO Fund, and the American Heart Association Impact Fund. The total funding for SUMA Wealth now stands at $5.5m.

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Company Information

Company

Suma Wealth

Location

309 E 8TH STREET

Los Angeles, California, United States

About

SUMA Wealth is the leading financial technology company dedicated to expanding prosperity, opportunity, and financial inclusion for young U.S. Latinos through culturally relevant digital tools and experiences. By combining innovative technology with engaging financial products, user-centric content, and community-focused brand experiences, SUMA empowers its audience to build wealth, strengthen financial confidence, and take control of their financial futures.

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ML-powered predictions for Suma Wealth's next move

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Suma Wealth raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.