Suma was founded nine months ago by CEO Beatriz Acevedo with the goal of bridging the Latino‑White wealth gap. The company is prioritizing digital expansion because its primary audience is millennials and Generation Z—young Latinos aged 28 to 35. Suma expects younger users to help bring older family members onto the app. Part of its strategy is to target potential new homeowners and teach financial‑literacy skills to help protect investments. The company announced it raised $2 million to expand operations and support its digital rollout. Suma plans to launch mobile apps next month.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2021