Esusu is a financial technology platform that focuses on advancing credit building and economic mobility. It achieves this by working with landlords and property managers to report rental payment data to credit bureaus, allowing tenants to establish or improve their credit scores. This innovative approach helps bridge the racial wealth gap and promote financial access for underserved populations.
Esusu has raised $50 million in a Series C funding round, bringing its valuation to $1.2 billion. The funding round was led by Westbound Equity Partners, with participation from the Geraldine R. Dodge Foundation, and Blue Meridian Partners.
Esusu, headquartered in New York, New York, United States, was founded in 2016 by Wemimo Abbey, Jeph Acheampong, Robert Henning, and Samir Goel. In 2022, the company joined the unicorn club. “Esusu was built on a simple principle: economic mobility should be accessible to all,” said Esusu co-founders and co-CEOs Wemimo Abbey and Samir Goel. “This Series C reflects the market’s conviction that rental data is core infrastructure for the financial system. With our partners behind us, we are scaling solutions that serve as the bedrock of the American Dream. Together, we are empowering renters to build credit, unlock capital, and participate fully in the economy.”