Saturday, 21 October 2023 03:45 PM
Company Update
NEW YORK, NY / ACCESSWIRE / October 21, 2023 / NUMA, a dynamic and innovative company founded by Nestor Castillero in August 2022, is proud to announce its expansion into the United States Spanish-speaking market. After a remarkable journey of bootstrapping the company from his apartment in Panama with just $51 to generating over $300,000 in revenue by October 2023, Nestor Castillero, now with his green card in hand, has relocated to New York to bring NUMA's unique services to aspiring entrepreneurs and business owners.
The business has operated under a NUMA GROUP LLC, a Delaware company and has recently incorporated NUMA INC., a Delaware corporation as part of their strategic expansion. NUMA has been dedicated to helping Spanish-speaking entrepreneurs establish their companies in the United States, providing them with remote access to banking services and aiding them in building a credit history. Additionally, NUMA offers comprehensive assistance with tax returns, creating a full-circle service from business formation to maintenance.
Nestor Castillero, the CEO of NUMA INC., stated, "NUMA is a pillar for our clients' dreams. They trust us with building their companies and setting everything up for success." The company's remarkable growth has been particularly evident in the freelancer and creator economy, where NUMA has already served over 460 customers and continues to grow daily. Notably, NUMA has been profitable since its inception.
NUMA's unique strength lies in its ability to simplify complex legal and tax matters into an easily understandable language for its clients. This enables business owners to stay updated and compliant, thus avoiding fines and setbacks.
The timing of NUMA's entry into the Spanish-speaking market is impeccable. According to the US Census Bureau, there were over 400,000 Hispanic-owned businesses in the US in 2022, a number that has been steadily increasing. In 2021, Hispanic-owned businesses accounted for 13% of all new businesses launched in the US.
Furthermore, these businesses generated over $760 billion in revenue in 2022, representing 5.2% of all US business revenue in 2021. NUMA's mission is to empower this dynamic segment of the economy by offering essential services tailored to their needs.
NUMA has forged strategic partnerships with various financial institutions to provide multiple banking options and collaborated with insurance partners to offer comprehensive business insurance to US business owners.
Nestor Castillero, founder and CEO, attributes NUMA's success to their "hard work, fast execution, friendly and warm customer service, and competitive prices." He added, "Even though we're a small company, we see enormous potential in the Hispanic community and believe we can become the bridge between Spanish-speaking founders outside the US seeking to expand into the country and domestic founders looking to contribute to the US economy and generate jobs."
NUMA is now operating from its headquarters in New York and continues to establish strategic partnerships across various industries to provide value to its customers.
For more information about NUMA INC. and its services, please visit numagroup.co or contact the team at [email protected].
About NUMA INC.: NUMA INC. is a dynamic and forward-thinking company dedicated to helping Spanish-speaking entrepreneurs navigate the complexities of starting, managing, and growing their businesses in the United States. Founded by Nestor Castillero in August 2022, NUMA offers a full-circle service, from business formation and banking solutions to tax assistance, simplifying the process for its clients and enabling them to achieve their entrepreneurial dreams.
SOURCE: NUMA INC