About SUMA Wealth
SUMA Wealth is a Technology company based in Los Angeles (United States) founded in 2020. App-based financial planning and advisory services for individuals are provided. It operates on a Freemium and FinTech model. SUMA Wealth has raised $12.11 million across 5 funding rounds from investors including American Heart Association, Radicle Impact and VamosVentures. SUMA Wealth has completed 1 acquisition, including Reeelit. SUMA Wealth offers products and services including SUMA App, Sumaversity, and AI Agents. Its focus areas include Financial Services, FinTech and Personal Finance Management. Its legal entity is Suma Wealth, Inc. Its competitors include The Tifin Group, Ascensus and Farther; 2 of its 3 listed competitors have raised funding.
Company details
SUMA Wealth is dedicated to transforming financial confusion into confidence for users. Services are offered through a mobile app, educational resources via Sumaversity, and AI-driven financial advice. The company primarily targets individuals seeking to manage, save, and grow their finances, with a special focus on the Latino community. Solutions are designed to simplify personal finance management and promote financial literacy across diverse user groups.
- Headquarters Los Angeles, United States
- SectorsTechnology
- Email••••••••
- Website sumawealth.com
- Social LinkedIn X Facebook
- Legal Name Suma Wealth, Inc.
- Total Equity Funding$12.11M (USD)
in 5 rounds
- Latest Funding Round$5.58M (USD), Series A
Nov 2025
- InvestorsAmerican Heart Association
& 22 more
- Investments & Acquisitions
Products & Services of SUMA Wealth
SUMA Wealth offers a comprehensive portfolio of products and services, including SUMA App, Sumaversity, and AI Agents.
Financial management is facilitated through this mobile application.
Financial education is provided through courses and resources.
Personalized financial advice is delivered using AI technology.
Apps and channels of SUMA Wealth
SUMA Wealth publishes 1 mobile app.
Funding Insights of SUMA Wealth
SUMA Wealth has successfully raised a total of $12.11M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $5.58 million completed in November 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $12.11M
- Total Rounds 5
- Last Round Series A — $5.58M
- First Round $1M
(Oct 2020)
- Investors Count 23
All 5 funding rounds of SUMA Wealth with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2025 | $5.58M | Series A | – | – | – |
| Feb 2024 | $2.2M | Seed | – | Radicle Impact Partners | |
| Nov 2023 | Seed | – | – | ||
| Oct 2021 | $3.33M | Seed | – | Samara Hernández | |
| Oct 2020 | $1M | Seed | – | Chingona Ventures |
23 investors in total: 11 institutional and 12 angel.
Investors in SUMA Wealth
SUMA Wealth has secured backing from 23 investors, including venture fund and angel investors. Prominent investors backing the company include American Heart Association, Radicle Impact and VamosVentures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Radicle Impact is focused on early-stage impact investments. | radicleimpact.com | Oakland, United States | ||
VamosVentures is focused on funding diverse tech startup founders. | vamosventures.com | Los Angeles, United States | ||
Seed & early stage sector-agnostic VC firm funding companies in the US | ovofund.com | Palo Alto, United States | ||
Foundation fund specialising in cardiovascular conditions | 1924 | heart.org | Dallas, United States | |
| rtl.capital | ||||
Venture capital is directed toward impact investments by the firm. | jonesfeliciano.com | Los Angeles, United States | ||
Venture capital fund focused on tech startups | thefund.vc | New York, United States | ||
Venture capital investing with a focus on diversity and inclusion in the ecosystem. | gaingels.com | |||
VITALIZE Venture Capital is focused on seed stage WorkTech investments. | vitalize.vc | |||
Seed-stage funding is provided to innovative founder teams. | uluventures.com | Palo Alto, United States |
Investor details for SUMA Wealth
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of SUMA Wealth
8 people are tracked at SUMA Wealth (5 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Daniela Corrente | Chief Strategy and Business Development Officer | Leadership |
Beatriz Acevedo | CEO & Co-Founder | Leadership |
Mary Hernandez | Chief Growth & Operations Officer | Leadership |
Peter Aranda | Head of Partnerships & Customer Success | Leadership |
Alyssa Miulli | Head Of Community Engagement: Growth Marketing, Strategy, Operations, Programming, Events | Leadership |
Silvia Patino Delgado | Senior Product Manager | Team |
Carlos Piña | Growth & Digital Media Lead | Team |
Erick Bernardo Romero Ayón | Editor De Vídeo | Team |
Complete people profiles for SUMA Wealth
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by SUMA Wealth
SUMA Wealth has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Reeelit.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Savings management platform | joinreel.co | Los Angeles, United States | 2016 | Feb 2023 | •••• |
Complete acquisition details for SUMA Wealth
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of SUMA Wealth
4 dated milestones of SUMA Wealth across 5 years, from founding to its latest funding, stage changes and deals.
- Founded SUMA Wealth is founded.
- Funding First funding round of $1.0M.
- Acquisition Acquires Reeelit.
- Funding Latest funding round, Series A, of $5.6M.
Competitors of SUMA Wealth
SUMA Wealth has 3 listed competitors in our database, 2 of them funded. They include The Tifin Group, Ascensus and Farther.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tifin.com | 2018 | New York, United States | $219.01M | AI-enabled financial planning and advisory solutions are provided for individuals. | ||
| ascensus.com | 1980 | Dresher, United States | 5,112 | Retirement, health, and college savings services are administered nationwide. | ||
| farther.com | 2019 | New York, United States | $272M | App-based financial planning and management platform for individuals |
Detailed competitors of SUMA Wealth
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of SUMA Wealth
The website of SUMA Wealth (sumawealth.com) receives about 3.7K visits a month.
- Monthly visits3.7K
▼ 15.2% vs previous month
Top companies in Investment & Financial Technology
3 companies that operate in the same segment as SUMA Wealth (Investment & Financial Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | 602 |
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Related news about Suma Wealth
Complete news archive for SUMA Wealth
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Frequently Asked Questions about SUMA Wealth
SUMA Wealth was founded in 2020.
SUMA Wealth is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
SUMA Wealth is a funded company, having raised a total of $12.11M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Oct 2020.
SUMA Wealth is dedicated to transforming financial confusion into confidence for users. Services are offered through a mobile app, educational resources via Sumaversity, and AI-driven financial advice. The company primarily targets individuals seeking to manage, save, and grow their finances, with a special focus on the Latino community. Solutions are designed to simplify personal finance management and promote financial literacy across diverse user groups.
SUMA Wealth's top competitors include The Tifin Group, Ascensus and Farther.
SUMA Wealth offers SUMA App, Sumaversity, and AI Agents.
SUMA Wealth has made 1 acquisition, including Reeelit.
SUMA Wealth has 23 investors. Key investors include American Heart Association, Radicle Impact, VamosVentures, OVO Fund, and RevTech Labs Capital.
SUMA Wealth operates through Suma Wealth, Inc..
Yes. SUMA Wealth publishes SUMA Wealth.