About SUMA
SUMA is a company based in London (United Kingdom) founded in 2015. It operates as a SaaS (Software-as-a-Service). The company has 702 employees. SUMA has completed 1 acquisition, including BIND ERP. SUMA offers products and services including Financial Management Platform. SUMA operates in a competitive market with competitors including Intuit, Visma, Clear, Wave and Xero, among others.
- Headquarter London, United Kingdom
- Employees 702
- SectorsTechnology
- Email••••••••
- Website sumasaas.com
- Social LinkedIn
- Legal Name Suma Saas Holdings Limited
- Date of Incorporation 08 Feb, 2016
- Jurisdiction LONDON, UNITED KINGDOM
- Annual Revenue$11.27 B (USD)10as on Dec 31, 2020
- Net Profit-$1.55 B (USD)24as on Dec 31, 2020
- Investors
- Employee Count702
- Investments & Acquisitions
Products & Services of SUMA
SUMA offers a comprehensive portfolio of products and services, including Financial Management Platform.
Financial management platform for SMBs in Latin America.
Funding Insights of SUMA
- Total Rounds 2
- Investors Count 1
All 2 funding rounds of SUMA 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 |
|---|---|---|---|---|---|
| May 2021 | – | Series A | – | Riverwood Capital | – |
| Jun 2016 | – | Seed | – | Riverwood Capital | – |
1 investors in total: 1 institutional.
Investors in SUMA
SUMA has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Riverwood Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Carveout investments are managed by Riverwood Capital in private equity. | – | riverwoodcapital.com | Menlo Park, United States |
Investor details for SUMA
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
Verified entity values are shown only after access is granted.
Investments & Acquisitions by SUMA
SUMA has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include BIND ERP.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based ERP software is delivered for small and medium businesses. | bind.com.mx | Monterrey, Mexico | 2013 | Jan 2021 | •••• |
Complete acquisition details for SUMA
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of SUMA
4 dated milestones of SUMA across 6 years, from founding to its latest funding, stage changes and deals.
- Founded SUMA is founded.
- Funding First funding round.
- Acquisition Acquires BIND ERP.
- Funding Latest funding round, Series A,.
Competitors of SUMA
SUMA 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 Intuit, Visma, Clear, Wave and Xero, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| intuit.com | 1983 | Mountain View, United States | $49.62M | 18,800 | Financial and accounting software is developed for businesses and individuals. | |
| visma.com | 1996 | Oslo, Norway | $198.09M | – | Cloud-based ERP software is provided for business management across segments. | |
| clear.in | 2011 | Bengaluru, India | $140.42M | – | Technology-enabled accounting and finance solutions are offered for SMBs. | |
| waveapps.com | 2010 | Toronto, Canada | $82.4M | – | Web-based accounting software is offered for business use. | |
| xero.com | 2006 | Wellington, New Zealand | – | 347 | Cloud-based accounting and payment management is offered for small businesses. | |
| freshbooks.com | 2003 | Toronto, Canada | $153.75M | 613 | Cloud-based invoicing and accounting software is offered for businesses. | |
| freeagent.com | 2007 | Edinburgh, United Kingdom | $21.89M | 264 | Cloud-based accounting software is provided for small businesses and freelancers. | |
| found.com | 2019 | San Francisco, United States | $118.75M | 35 | Accounting and bookkeeping solutions are provided for small businesses. | |
| pennylane.com | 2020 | Paris, France | $237.4M | – | Cloud-based accounting and financial management solutions are provided for businesses. |
Detailed competitors of SUMA
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.
Latest news on Suma
Complete news archive for SUMA
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Similar companies to SUMA
10 companies that operate in the same segment as SUMA (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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Frequently Asked Questions about SUMA
SUMA was founded in 2015 and raised its 1st funding round 1 year after it was founded.
SUMA is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
SUMA has 702 employees.
Annual revenue of SUMA is $11.27B as on Dec 31, 2020.
SUMA is dedicated to supporting over 100,000 small businesses in Spanish-speaking Latin America through cloud-based SaaS platforms. Solutions provided include financial performance management, electronic invoicing, payroll calculations, accounting records, and tax preparation. Operations are conducted in Mexico, Chile, and Argentina, with a focus on combining global strategies with local regulatory compliance. The mission-critical platform integrates banking, accounting, tax, payroll, and financing solutions for SMBs.
SUMA offers Financial Management Platform.
SUMA has made 1 acquisition, including BIND ERP.
SUMA has 1 investor. Key investors include Riverwood Capital.
SUMA operates through Suma Saas Holdings Limited.