Luma Financial Technologies, a leading platform specializing in structured products and annuities, has successfully secured $63 million in Series C funding. The financing round was spearheaded by Sixth Street Growth, with significant participation from prominent Wall Street investors, including Bank of America, Morgan Stanley, UBS, and TD Bank Group.
The company’s advanced software platform caters to broker/dealer firms, Registered Investment Advisors (RIAs), and private banks on a global scale. It offers both institutional and retail investors a customizable, independent buy-side technology solution that streamlines the process of learning about, researching, purchasing, and managing alternative investments and annuities.
Luma provides users with a range of educational resources and training materials, enabling the creation and pricing of bespoke structured products, as well as facilitating electronic order entry and post-trade management.
The newly acquired funding will be instrumental in accelerating Luma’s expansion into key markets, enhancing product innovation, and improving global client support services.
Tim Bonacci, CEO of Luma, stated, “Our strong growth has been driven by a steadfast commitment to delivering value to our clients. This new investment will not only accelerate our growth trajectory but also allow us to deepen our market presence and continue innovating, while remaining true to our fundamental principles.”