Luma Financial Technologies

About Luma Financial Technologies

Luma Financial Technologies provides a fintech software platform for financial professionals to manage structured products, annuities, and insurance solutions. Founded in 2018, with headquarters in Cincinnati, Ohio, the company operates on a B2B subscription-based model. Its clients primarily consist of broker-dealer firms, Registered Investment Advisor (RIA) offices, and private banks.

The company was founded by President and CEO Tim Bonacci. Bonacci has a 20-year career in corporate banking and wealth management, including senior roles at Fifth Third Bank and PNC Bank. He established Luma by spinning out the technology platform from Navian Capital, a structured products wholesaler he co-founded in 2005, with the goal of simplifying the market for market-linked investments for advisors.

Luma's core offering is an independent, buy-side technology platform that assists financial teams in learning about, researching, purchasing, and managing alternative investments and annuities. The platform is designed to be customizable, multi-issuer, and multi-product, providing a centralized location for the entire investment lifecycle. Key features include a product marketplace, tools for creating custom deals, a lifecycle manager for monitoring transactions, and a learning center with training resources. Recently, Luma has expanded its offerings to include life insurance and has integrated its data with platforms like BlackRock's Aladdin Wealth to provide a more unified portfolio view. The company has stated its objective is to enhance transparency and accessibility in the alternative investments market.

Luma has secured significant funding from major financial institutions. A Series C funding round in April 2025 raised $63 million, led by Sixth Street Growth with participation from Bank of America, Morgan Stanley, UBS, and TD Bank Group. This capital is intended to accelerate expansion into new markets and further product innovation.