# Lumi Financial Management

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lumi-financial-management-pty

- Industry: Financial Services
- Headquarters: Sydney, Australia
- Website: www.lumi.com.au
- Total disclosed funding: $17M
- Latest round: Series C (Jul 19, 2023)
- Investors on record: 6

## About

Based in Australia, Lumi Financial Management specializes in small business financing solutions, focusing on providing tailored loans and lines of credit to support the operational needs of small to medium enterprises (SMEs).Lumi Financial Management Pty Limited, founded in 2018 and headquartered in Sydney, Australia, operates as a financial services firm offering loans to SMEs. The company has not reported any significant pivots in its business strategy or operations. The founder and CEO, Yanir Yakutiel, has not been noted for founding other companies. Lumi Financial Management has completed 6 deals with its most recent funding round occurring on July 19, 2023, where it raised AUD 15.000 mn in a SERIES C round from investors including Arbel Growth Partners, Harel Insurance Investments, Lumir Ventures, Perennial Partners, and Stellan Capital. The total amount raised by the company stands at AUD 15.000 mn.Lumi Australia specializes in providing small business financing solutions, primarily focused on loans and lines of credit designed for small to medium enterprises (SMEs). Their offerings include low-documentation and unsecured loans up to AUD 300,000, as well as secured loans and flexible revolving lines of credit with limits reaching AUD 750,000. These financial products are designed to mitigate cash flow challenges faced by SMEs, enabling business owners to access funds promptly, often within the same business day. Lumi serves a diverse range of industries across Australia, catering to clients who require straightforward and efficient funding solutions without the lengthy application processes of traditional banks. Their customer base includes hospitality businesses, startups, and service-oriented firms that seek financial support tailored to their operational needs.Lumi Australia's revenue is generated primarily from the issuance of small business loans and lines of credit. The company operates on a transaction-based model that allows clients to apply for financing solutions tailored to their specific needs. Upon approval, funds are disbursed quickly, often within hours, facilitating effective cash flow management. While specific pricing plans are not disclosed, the structure typically involves interest on borrowed amounts and potential fees associated with loan processing. Lumi offers flexible financial options, including features like Payment Pause, which enables clients to temporarily halt repayments during challenging periods, fostering customer loyalty and ongoing partnerships within the Australian SME ecosystem.In July 2023, Lumi Financial Management raised AUD 15.000 mn in SERIES C funding, which will be used to support its growth and expansion of services. The company aims to develop and launch new financial products that cater to the evolving needs of SMEs. Additionally, Lumi plans to explore new geographic markets to broaden its customer base, although specific regions and timelines are not detailed. The recent funding will enable Lumi to enhance its operational capabilities and effectively address the demands of small businesses seeking financial support.

## Funding rounds

- Series C, Jul 19, 2023, $10M — Harel Insurance Investments, Arbel Growth Partners, Perennial Partners, Stellan Capital, Lumir Ventures
- Series A, Nov 13, 2018, $6.5M — Follow[the]Seed, Lumir Ventures

## Investors

- Follow[the]Seed (https://capitalatlas.ai/funds/follow-the-seed) — Series A
- Lumir Ventures (https://capitalatlas.ai/funds/lumir-ventures) — Series A, Series C
- Harel Insurance Investments — Series C
- Arbel Growth Partners (https://capitalatlas.ai/funds/arbel-growth-partners) — Series C
- Perennial Partners — Series C
- Stellan Capital — Series C