Sommos - About the company
Sommos is a seed company based in Santa Cruz de la Sierra (Bolivia), founded in 2023 by Diego Rojas Arancibia. It operates as a Fintech venture that specializes in creating financial solutions for businesses. Sommos has raised $20K in funding from Techstars. The company has 694 active competitors, including 106 funded and 104 that have exited. Its top competitors include companies like Addepar, FNZ and Broadridge.
Company Details
Fintech venture that specializes in creating financial solutions for businesses. Its product portfolio includes Sommos business to discover how financial institutions or businesses can leverage its digital solutions, and the PasanaQ app to create rotating savings and credit association groups.
Key Metrics
Founded Year
2023
Location
Santa Cruz de la Sierra, Bolivia
Stage
Seed
Total Funding
$20K in 1 round
Latest Funding Round
Investors
Ranked
199th among 694 active competitors
Employee Count
17 as on Jun 30, 2026
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Sommos's funding and investors
Sommos has raised a total funding of $20K over 1 round. Its latest funding round was a Seed round on 2024 for $*****. 1 investor participated in its latest round. Sommos has 1 institutional investor.
Here is the list of recent funding rounds of Sommos:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
2024 | 7875 | Seed | 8432 | 7830 | 6132 | 2894 |
View details of Sommos's funding rounds and investors
Sommos' founders and board of directors
Founder? Claim ProfileThe founders of Sommos is Diego Rojas Arancibia. Diego Rojas Arancibia is the CEO of Sommos.
Here are the details of Sommos' key team members:
- Diego Rojas Arancibia: Co-Founder & CEO of Sommos.
View details of Sommos's Founder profiles and Board Members
Sommos' employee count trend
Sommos has 17 employees as of Jun 26. Here is Sommos's employee count trend over the years:
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Sommos's Competitors and alternates
Top competitors of Sommos include Addepar, FNZ and Broadridge. Here is the list of Top 10 competitors of Sommos, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Addepar 2009, Mountain View (United States), Series G | Wealth management solutions for advisors | $759M | 77/100 | |
2nd | FNZ 2003, London (United Kingdom), Acquired | Provider of wealth management platforms for financial institutions and advisors | $2.55B | 74/100 | |
3rd | Broadridge 2007, United States, Public | Provider of tech solution for financial service and customer communication | - | 73/100 | |
4th | SEI 1968, Oaks (United States), Public | Wealth and investment management solutions for institutional investors | - | 71/100 | |
5th | AdvisorEngine 2014, New York City (United States), Acquired | Wealth management software platform empowering financial advisors with technology and services | $60.1M | 71/100 | |
6th | Altruist 2018, Culver City (United States), Series F | Portfolio management software for financial advisors | $602M | 70/100 | |
7th | Avaloq 1985, Zurich (Switzerland), Acquired | Cloud-based solutions for financial institutions | $301M | 70/100 | |
8th | Centricity 2022, Gurugram (India), Seed | Digital private wealth management platform for individuals | $24M | 68/100 | |
9th | ZILO 2020, London (United Kingdom), Series A | Software-enabled transfer agency system | $58.7M | 65/100 | |
10th | Magnifi 2018, New York City (United States), Early Stage | Investment comparison platform | $21.1M | 64/100 | |
199th | Fintech venture that specializes in creating financial solutions for businesses | $20K | 32/100 |
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Sommos's Investments and acquisitions
Sommos has made no investments or acquisitions yet.
Reports related to Sommos
Here is the latest report on Sommos's sector:
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