Luma Financial Technologies, a leading FinTech company specializing in structured products and insurance solutions, has announced the successful close of a $63 million Series C funding round.
The round was led by Sixth Street Growth, with strategic participation from major financial institutions including Bank of America, Morgan Stanley, UBS, and TD Bank Group, according to InsurTech Insights.
Founded in 2018, Luma has rapidly positioned itself as a key player in the alternative investment and annuity space. Its platform empowers buy-side financial teams to research, purchase, and manage complex financial products with greater efficiency and transparency. By simplifying intricate investment workflows, Luma is helping financial advisers and institutions gain seamless access to a broad suite of investment solutions.
With the new funding, the company aims to accelerate its expansion into new markets and fast-track product innovation. A major focus of this next phase will be the introduction of life insurance solutions to its platform—advancing Luma’s mission to become a comprehensive hub for structured financial products and insurance offerings.
“Luma has gained significant traction as the demand for streamlined and transparent investment platforms continues to rise,” the company noted. “This growth underscores our ongoing commitment to innovation that puts client needs first.”
Michael McGinn, Partner and Co-Head of Sixth Street Growth, shared his enthusiasm for the partnership:
“We believe an objective, end-to-end platform like Luma’s is essential infrastructure for the continued adoption of new products across the wealth management landscape. We’re thrilled to partner with Tim and the Luma team to support their vision of broadening the platform and expanding globally.”
