Big banks back Luma’s innovative platform for alternative investments and annuities
Highlights:
- Luma Financial Technologies raises $63M in Series C funding, led by Sixth Street Growth and supported by major banks like Bank of America and Morgan Stanley.
- The platform offers customizable tools for managing structured products and annuities, enhancing transparency and efficiency.
- Funding will accelerate global expansion, product innovation, and client support capabilities.
Summary: Luma Financial Technologies, a leader in structured finance and annuities solutions, has successfully closed a $63 million Series C funding round. Led by Sixth Street Growth and supported by prominent banks including Bank of America, Morgan Stanley, UBS, and TD Bank Group, the investment underscores confidence in Luma’s innovative platform.
Designed for broker/dealer firms, RIAs, and private banks, Luma’s technology streamlines the management of alternative investments through customizable tools and transparent workflows. The new funding will drive Luma’s global expansion, deepen product innovation, and enhance client support, solidifying its position as a transformative force in the financial industry.
