Luma Financial Technologies, an independent, multi-issuer, capital-markets based alternatives platform, is further expanding its global reach and presence in Europe by opening an office in Lisbon, Portugal.
Luma, which is backed by three of the world’s largest banks, is establishing the office as its European engineering centre to support its fast-growing international business.
Luma has been building a team of software engineers and production support professionals in Lisbon and will keep expanding it to provide localised support to its EMEA (Europe, Middle East and Africa) and APAC (Asia Pacific) business, and drive effective collaboration with its core engineering team in the U.S.
One of the fastest-growing platforms in the alternatives space, Luma first entered the European market in 2021 with the opening of an office in Zurich, servicing wealth managers and private banks.
Luma has over $150bn in capital-market linked assets under administration, and serves clients in the US, Latin America, Canada, EMEA, and APAC.
Tim Bonacci, Luma’s CEO and President said: “Europe is a strategic priority for Luma and Lisbon is the ideal location to base our next office and engineering centre.
“Lisbon has a burgeoning tech and innovation ecosystem supported by government initiatives and a network of tech hubs and startups. Its focus on developing highly skilled engineering professionals means it offers a deep talent pool and we are delighted to establish ourselves in the city as we seek to further elevate our technology support to our international clients.”
