Luma Financial Technologies, a multi-issuer platform for capital-markets-based alternatives, has opened a Lisbon, Portugal, office as part of a European expansion.
The Lisbon office will serve as the company’s European engineering hub, designed to support its “growing” international operations.
Luma – which has offices internationally and runs a core engineering team in the US –said it had built a team of software engineers and production support professionals in Lisbon and that it will now expand this team.
When human expertise meets machine-learning
The decision to establish an engineering centre in Lisbon reflects Luma’s strategic focus on Europe, a region that has been a priority for the company since it first entered the market in 2021 with an office in Zurich, the firm said. Since then, Luma has continued to gain traction in the European market, catering to the needs of wealth managers and private banks.
The platform now administers over $150 billion in capital-market-linked assets and serves clients across the world.
“Europe is a strategic priority for Luma, and Lisbon is the ideal location for our next office and engineering centre,” said Tim Bonacci, CEO and president of Luma. “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.”
