Friday, October 30, 2020

SUMA Wealth Gets Funding For Latino Financial Literacy

Los Angeles-based SUMA Wealth, a startup which operates an online platform designed to help U.S.-born, Millennial Latinos with financial literacy, has raised a round of funding, the company announced this week. According to the company, it received a pre-seed funding round from a number of female investors. The round was led by Samara Hernández, Founding Partner at Chingona Ventures, and also included participation from Anna Barber and Raina Kumra at The Fund, Carmen Palafox at 2045 Ventures, Gale Wilkinson at Vitalize VC, Noramay Cadena at Portfolia Rising America Fund, Arlan Hamilton at Backstage Capital, Ilse Calderon at OVO Fund, Ivelisse Rodriguez Simon, and Lolita Taub. The company did not say if those investments were personal investments by those investors, or done through their respective venture capital funds. According to SUMA Wealth, the funding will go towards growing its community and expanding its financial services capabilities. SUMA Wealth is led by Beatriz Acevedo.