Luma Financial Technologies, a platform specializing in structured products and annuities, has raised $63 million in a Series C funding round. The round was led by Sixth Street Growth and saw participation from existing strategic investors, including Bank of America, Morgan Stanley, UBS, and TD Bank Group.
Luma’s platform is utilized by broker/dealer firms, registered investment advisor (RIA) offices, and private banks globally. It offers institutional and retail investors a customizable, independent, buy-side technology platform designed to facilitate the learning, research, purchase, and management of alternative investments and annuities. Features include educational resources, training materials, creation and pricing of custom structured products, electronic order entry, and post-trade management.
The newly acquired capital is earmarked for expansion into key markets, enhancement of product innovation, and strengthening of global client support capabilities. Luma’s CEO, Tim Bonacci, emphasized the company’s commitment to delivering value to clients and indicated that this funding will accelerate their growth trajectory while adhering to the principles that have driven their success.
This investment underscores the growing interest from major financial institutions in platforms that streamline access to complex financial instruments. As the demand for alternative investments continues to rise, Luma’s technology aims to simplify the process for financial professionals and investors alike.
