Luma Financial Technologies, a Cincinnati, OH-based structured products and insurance solutions provider, raised $63M in Series C funding.
The round was led by Sixth Street Growth. Existing strategic investors including Bank of America, Morgan Stanley, UBS, and TD Bank Group also participated.
The company intends to use the funds to enable the acceleration of its expansion across key markets, deepen its investment in product innovation, and further enhance its global client support capabilities.
Led by CEO Tim Bonacci, Luma Financial Technologies provides a fintech software platform that has been adopted by broker/dealer firms, RIA offices, and private banks around the world. By using it, institutional and retail investors have a customizable, independent, buy-side technology platform that helps financial teams more efficiently learn about, research, purchase, and manage alternative investments as well as annuities.
The company has offices in New York, NY, Miami, FL, Zurich, Switzerland, and Lisbon, Portugal.
