A "Glocal" Company...
The idea for SUMA originated in 2015 in Chile, where managing daily operations was very complex: multiple tax regimes, electronic invoicing requirements, financial statements, bank reconciliations, and payroll tax calculations. At the same time, Riverwood Capital was evaluating the consolidation of the financial management software industry in Latin America. Riverwood saw a huge neglected market opportunity: millions of small businesses in the region that could be more successful if they digitized their operations. We came together and SUMA was born, with an understanding of local problems, but with global solutions.
SUMA consolidates the best platforms for financial management, accounting and tax compliance in the cloud. To date, SUMA has acquired the main cloud-based market players in Argentina, Chile and Mexico. With increased Internet connectivity and more access to technology, more than 100,000 small businesses in Latin America are taking advantage of the world-class SaaS solutions provided by SUMA.
SUMA's vision is unique: an integrated cloud-based platform that captures business transactions in real time to automatically generate a single, unified ledger online, offering greater visibility, control, and compliance to small businesses throughout Latin America. . With SUMA platforms, millions of entrepreneurs can be more productive and grow faster.
The purpose of SUMA is to promote the development of Latin America through the success of its small businesses. We will not rest until every small business in Latin America is more successful with our solutions.
- Matt Cole, CEO SUMA
Who we are
SUMA is a world class platform of SMB SaaS solutions, solving universal and hyper-local problems for millions of entrepreneurs in Spanish-Speaking Latin America. Currently, Suma operates the leading cloud-based Small Business management platforms in Mexico, Chile, and Argentina, while proactively expanding to other countries in Latin America.