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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
- 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.
Financial management is facilitated through this mobile application.
Financial education is provided through courses and resources.
Personalized financial advice is delivered using AI technology.
People of SUMA Wealth
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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.
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 |
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Radicle Impact is focused on early-stage impact investments.
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VamosVentures is focused on funding diverse tech startup founders.
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Seed & early stage sector-agnostic VC firm funding companies in the US
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Investor details for SUMA Wealth
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Investments & Acquisitions by SUMA Wealth
SUMA Wealth has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Reeelit.
Investment portfolio details for SUMA Wealth
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- Portfolio identities
- Transaction dates
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- Investment values
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Savings management platform
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Complete acquisition details for SUMA Wealth
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - SUMA Wealth
Detailed financials for SUMA Wealth
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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Suma Wealth Comparisons
Peer comparison for SUMA Wealth
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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AI-enabled financial planning and advisory solutions are provided for individuals.
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Retirement, health, and college savings services are administered nationwide.
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App-based financial planning and management platform for individuals
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Financial advisory and wealth management are provided to healthcare professionals.
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Personal finance management and investment advise
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An app-based platform is provided for individual wealth management.
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Detailed competitors of SUMA Wealth
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Latest news on 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.
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.