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Providing financial equity is essential in bridging the gap that often exists in access to financial services for minorities and underserved communities. Latino-owned financial companies have been at the forefront of promoting financial equity by offering tailored services that address the unique needs of these populations.
These companies not only offer culturally relevant products and services but also understand the socioeconomic challenges faced by their clientele. By supporting these institutions, we bolster the growth of Latino businesses and ensure that more individuals have access to the financial tools needed to achieve economic stability and growth.
Learn more about the top ten largest Latino-owned companies in finance, showcasing their significant contributions to fostering economic inclusion and empowerment.
1. New American Funding
Employee Size: 3,774
Headquarters: Tustin, California
Revenue: $9,726,000
New American Funding is a leading mortgage lender that specializes in offering a wide range of home loan products to diverse communities across the United States. Founded in 2003 by Rick and Patty Arvielo, the company is known for its commitment to customer service, innovative technology, and efforts to close the racial homeownership gap.
2. A-Rod Corp
Employee Size: 350
Headquarters: Coral Gables, Florida
Revenue: $1,000,000
A-Rod Corp is a diversified investment firm founded by former Major League Baseball player Alex Rodriguez. The company focuses on investments in real estate, venture capital, and various business ventures, emphasizing growth and value creation. Leveraging Rodriquez’s expertise and network, A-Rod Corp maintains a strong presence in the tech, wellness, and media sectors.
3. Brex
Employee Size: 1,150
Headquarters: San Francisco
Revenue: $592,900
Brex is a fintech company founded in 2017 by Henrique Dubugras and Pedro Franceschi that provides innovative corporate credit cards and cash management solutions tailored for startups and growing businesses. Its high credit limits, rewards programs, and integration with various business tools make it a popular choice among tech-savvy entrepreneurs and enterprises.
4. Oportun
Employee Size: 3,000
Headquarters: San Carlos, California
Revenue: $584,000
Oportun is a financial services company that offers affordable and responsible loans to individuals with limited or no credit history, aiming to promote financial inclusion. By leveraging advanced data analytics to provide unsecured personal loans and products tailored to the needs of underserved communities, its mission is to create opportunities for customers to build positive credit history and financial health.
5. BMI Financial Group
Employee Size: 146
Headquarters: Miami
Revenue: $503,900
BMI Financial Group is a diversified financial services company offering a comprehensive range of insurance and investment products. Established in 1973, BMI focuses on serving the needs of both individual and corporate clients with tailored financial solutions. The company is known for its commitment to personalized service, financial stability, and innovative products that help clients achieve their long-term financial goals.
6. Ocean Bank
Employee Size: 750
Headquarters: Miami
Revenue: $225,690
Ocean Bank is a leading community bank recognized for its strong presence in South Florida, with a network of branches providing personalized banking solutions. It emphasizes customer service and local market expertise, contributing to its reputation as a trusted financial partner in the region.
7. Jules and Associates Inc.
Employee Size: 42
Headquarters: Los Angeles
Revenue: $151,200
Jules and Associates is a premier independent equipment leasing firm that specializes in providing tailored leasing solutions for businesses across various industries such as medical, manufacturing, transportation, construction, and food services. Founded in 1989, the company is renowned for its customer-focused approach and expertise in structuring leases that meet the unique financial needs of its clients.
8. Panorama Mortgage Group
Employee Size: 750
Headquarters: Las Vegas
Revenue: $137,800
Panorama Mortgage Group is a diversified mortgage company offering a wide range of residential lending solutions. Founded in 2007, the group includes several distinct brands, each dedicated to serving unique market needs with a commitment to personalized service and community engagement. Panorama Mortgage Group leverages innovative technology and a customer-centric approach to help clients achieve their homeownership dreams while promoting financial inclusion.
9. Ponce Bank
Employee Size: 246
Headquarters: Bronx, New York
Revenue: $136,090
Ponce Bank is a community-focused financial institution dedicated to fostering economic growth and financial stability within its communities, particularly serving the needs of the Latino population. It’s known for its personalized customer service, innovative banking solutions, and commitment to community development through financial education and support programs.
10. Guzman & Company
Employee Size: 540
Headquarters: Coral Gables, Florida
Revenue: $129,000
Guzman & Company is an institutional brokerage firm that provides innovative trading and investment solutions. Founded in 1987, the firm offers a range of services including equity trading, fixed income, and capital markets advisory, catering to institutional investors and corporate clients. Guzman & Company leverages advanced technology and market expertise to deliver tailored financial strategies and superior execution.
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This article was written with the assistance of AI.
