SUMA - About the company
SUMA is a series A company based in Los Angeles (United States), founded in 2020 by Beatriz Acevedo. It operates as an App-based platform for financial planning & advisory for individuals. SUMA has raised $12.1M in funding from Radicle Impact Partners and Chingona Ventures. The company has 3169 active competitors, including 227 funded and 204 that have exited. Its top competitors include companies like Dezerv, Farther and Warren.
Company Details
App-based platform for financial planning & advisory for individuals. It provides advisory services for expense management, wealth management, budget control, future savings, and more. It also offers savings plans for home purchases, savings by monthly deposit, credit card debt management, and more.
- Website
- sumawealth.com/en/
- Social
- Email ID
- *****@wearesuma.com
Key Metrics
Founded Year
2020
Location
Los Angeles, United States
Stage
Series A
Total Funding
$12.1M in 5 rounds
Latest Funding Round
Investors
Ranked
139th among 3169 active competitors
Employee Count
39 as on Jul 31, 2026
Investment & Acquisitions
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SUMA's funding and investors
SUMA has raised a total funding of $12.1M over 5 rounds. Its first funding round was on Oct 29, 2020. SUMA has 14 institutional investors and 12 angel investors.
Here is the list of recent funding rounds of SUMA:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 12, 2025 | 7919548 | Series A | 4956371 | 3061022 | 5587190 | 5064975 |
Feb 06, 2024 | 1051185 | Seed | 1841498 | 5614455 | 8130207 | |
Nov 14, 2023 | 1223972 | Seed | 5658683 | 7132597 | 9643633 |
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SUMA's founders and board of directors
Founder? Claim ProfileThe founders of SUMA is Beatriz Acevedo.
Here are the details of SUMA's key team members:
- Beatriz Acevedo: Co-Founder & CEO of SUMA and founder of 2 other companies, MiTu and mitú. Contact Info: 1 email address
View details of SUMA's Founder profiles and Board Members
SUMA's employee count trend
SUMA has 39 employees as of Jul 26. Here is SUMA's employee count trend over the years:
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SUMA's Competitors and alternates
Top competitors of SUMA include Dezerv, Farther and Warren. Here is the list of Top 10 competitors of SUMA, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Wealth management platform offering financial planning and advisory service | $100M | 78/100 | ||
2nd |  Farther 2019, New York City (United States), Series D | App-based financial planning and management platform for individuals | $272M | 68/100 | |
3rd | Diversified investment management firm | $105M | 68/100 | ||
4th |  Pontera 2012, New York City (United States), Series C | Tax management solutions for businesses | $160M | 68/100 | |
5th | Origin 2019, San Francisco (United States), Series B | Financial planning solutions for employees | $68M | 66/100 | |
6th | App-based mutual fund investment platform | - | - | 63/100 | |
7th |  Compound 2019, San Francisco (United States), Series B | Wealth and financial management platform | $37.1M | 62/100 | |
8th |  Phoenix Group 1782, London (United Kingdom), Public | Provider of long-term savings, retirement, and life insurance solutions | - | 61/100 | |
9th | Scottish Widows 1815, Edinburgh (United Kingdom), Public | Women bank | - | - | 60/100 |
10th |  Caja Los Andes 1953, Providencia (Chile), Funding Raised | App-based financial planning and management platform for individuals | - | 59/100 | |
139th |  SUMA 2020, Los Angeles (United States), Series A | App-based platform for financial planning & advisory for individuals | $12.1M | 40/100 |
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SUMA's Investments and acquisitions
SUMA has acquired Reeelit. SUMA has not made any investments as of now.Reports related to SUMA
Here is the latest report on SUMA's sector:
News related to SUMA
Filter this list•
ResilienceVC's debut fund surpasses $56M, backing US fintech boosting financial resilience.Business Wire•Feb 28, 2025•Resilience, Alice, Chaiz, EarlyBird and 5 others
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SUMA Wealth grabs $2.2M as its financial platforms reach 1M usersTechCrunch+•Feb 06, 2024•SUMA, Radicle Impact Partners, VamosVentures, OVO Fund and 3 others
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SUMA Wealth Acquires Reel and Names Former CEO Daniela Corrente as Chief Strategy and Business OfficerFintech Finance•Feb 08, 2023•SUMA, Reel Video Store
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Suma Wealth helps Latinos build credit through gaming, in-culture contentTechCrunch+•Oct 21, 2022•SUMA
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Seven startups join Mastercard Start Path programFinextra•Jul 14, 2022•Mastercard, Carbon Neutral Club, oneKIN, SUMA and 4 others
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Encantos and SUMA Wealth Announce Strategic Partnership to Bring NFTs to the Latinx CommunityBusiness Wire•Feb 17, 2022•Encantos, SUMA
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Suma Wealth Raises $2M in Pre-Seed FundingFinSMEs•Oct 13, 2021•SUMA, Kwanza Jones & Jose E Feliciano Initiative
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