A Cincinnati financial technology firm that’s been growing at a fast clip is raising tens of millions of dollars in new equity, according to a recent Securities and Exchange Commission filing.
Downtown-based Luma Financial Technologies has sold more than $30 million as part of a planned $75 million raise. The amounts were disclosed in a Form D filed last week.
The downtown-based firm has experienced massive growth dating back to 2020 as it increasingly targets an underserved market. The company’s platform makes it easier for investment advisers to access and compare structured products and annuities.
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Story excerpt provided by Cincy Inno.
Written by Liz Engel.
Originally published December 27, 2021.