Suma SaaS
2024 Revenue
$30.6M
Customers
20K
Funding
$0
YOY
72.9%
Avg ACV
$1.5K
Team
28
Founded
2015
How Suma SaaS CEO Matt Cole grew Suma SaaS to $30.6M revenue and 20K customers in 2024.
SUMA SaaS is a leading cloud-based financial management platform tailored for small and medium-sized businesses (SMBs) in Spanish-speaking Latin America. It supports over 100,000 SMBs across Mexico, Chile, and Argentina through integrated software solutions—encompassing accounting, payroll, electronic invoicing, tax compliance, bank integration, and financing tools—designed to meet local regulatory requirements while delivering global SaaS standards.
Last updated
Suma SaaS Revenue
In 2024, Suma SaaS's revenue reached $30.6M. The company previously reported $17.7M in 2023. Since its launch in 2015, Suma SaaS has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2024 | Suma SaaS Hit $30.6m revenue in October 2024 |
| 2023 | Suma SaaS Hit $17.7m revenue in December 2023 |
| 2021 | Suma SaaS Hit $15.7m revenue in April 2021 |
| 2015 | Launched with $0 revenue |
Suma SaaS Valuation, Funding Rounds
Suma SaaS is a bootstrapped Payroll Software startup. Founded in 2015, Suma SaaS has grown to $30.6M in revenue without raising any venture capital or outside funding.
As a self-funded Payroll Software SaaS company, Suma SaaS has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold |
|---|
Suma SaaS Employees & Team Size
Suma SaaS employs approximately 28 people as of 2026, up from 15 in 2023.
Suma SaaS has 28 total employees in different roles and functions. They have 20K customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 28 employees (December 2024) |
| 2024 | Reached 20 employees (March 2024) |
| 2023 | Reached 15 employees (December 2023) |
| 2022 | Reached 14 employees (December 2022) |
| 2021 | Reached 16 employees (December 2021) |
| 2021 | Reached 248 employees (April 2021) |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Suma SaaS acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Suma SaaS
What is Suma SaaS's revenue?
Suma SaaS generates $30.6M in revenue.
Who founded Suma SaaS?
Suma SaaS was founded by Matt Cole.
Who is the CEO of Suma SaaS?
The CEO of Suma SaaS is Matt Cole.
How much funding does Suma SaaS have?
Suma SaaS raised $0.
How many employees does Suma SaaS have?
Suma SaaS has 28 employees.
Where is Suma SaaS headquarters?
Suma SaaS is headquartered in London, England, United Kingdom.
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Compare Suma SaaS to the industry
Suma SaaS operates across multiple industries. Browse revenue, funding, and growth data for Suma SaaS in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .