About SUMA Wealth
SUMA Wealth is a company based in Los Angeles (United States) founded in 2020. It operates as a Freemium, and FinTech. 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. SUMA Wealth operates in a competitive market with competitors including The Tifin Group, Ascensus, Farther, Earned Wealth and Learnvest, among others.
- Headquarter Los Angeles, United States
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Suma Wealth, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12.11 M (USD)
in 5 rounds
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Latest Funding Round
$5.58 M (USD), Series A
Nov 12, 2025
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Investors
American Heart Association
& 22 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of SUMA Wealth
SUMA Wealth offers a comprehensive portfolio of products and services, including SUMA App, Sumaversity, and AI Agents. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Financial management is facilitated through this mobile application.
Financial education is provided through courses and resources.
Personalized financial advice is delivered using AI technology.
Unlock access to complete
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 Total Funding
- Total Rounds 5
- Last Round Series A — $5.6M
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First Round
First Round
(29 Oct 2020)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Series A - SUMA Wealth | Valuation |
investors |
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| Feb, 2024 | Amount | Seed - SUMA Wealth | Valuation | Radicle Impact Partners | |
| Nov, 2023 | Amount | Seed - SUMA Wealth | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Radicle Impact is focused on early-stage impact investments.
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Founded Year | Domain | Location | |
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VamosVentures is focused on funding diverse tech startup founders.
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Founded Year | Domain | Location | |
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Seed & early stage sector-agnostic VC firm funding companies in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SUMA Wealth
SUMA Wealth has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Reeelit. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Savings management platform
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SUMA Wealth
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Suma Wealth Comparisons
Competitors of SUMA Wealth
SUMA Wealth operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as The Tifin Group, Ascensus, Farther, Earned Wealth and Learnvest, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-enabled financial planning and advisory solutions are provided for individuals.
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| domain | founded_year | HQ Location |
Retirement, health, and college savings services are administered nationwide.
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| domain | founded_year | HQ Location |
App-based financial planning and management platform for individuals
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| domain | founded_year | HQ Location |
Financial advisory and wealth management are provided to healthcare professionals.
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| domain | founded_year | HQ Location |
Personal finance management and investment advise
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| domain | founded_year | HQ Location |
An app-based platform is provided for individual wealth management.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Suma Wealth
Frequently Asked Questions about SUMA Wealth
When was SUMA Wealth founded?
SUMA Wealth was founded in 2020.
Where is SUMA Wealth located?
SUMA Wealth is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is SUMA Wealth a funded company?
SUMA Wealth is a funded company, having raised a total of $12.11M across 5 funding rounds to date.
What does SUMA Wealth do?
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.
Who are the top competitors of SUMA Wealth?
SUMA Wealth's top competitors include The Tifin Group, Ascensus and Farther.
What products or services does SUMA Wealth offer?
SUMA Wealth offers SUMA App, Sumaversity, and AI Agents.
How many acquisitions has SUMA Wealth made?
SUMA Wealth has made 1 acquisition, including Reeelit.
Who are SUMA Wealth's investors?
SUMA Wealth has 23 investors. Key investors include American Heart Association, Radicle Impact, VamosVentures, OVO Fund, and RevTech Labs Capital.