Esusu Financial

Overview

Esusu Financial is a financial technology company that enables households to use their on-time rent payments to build credit. Founded in 2018 by Wemimo Abbey and Samir Goel, Esusu has grown into a financial powerhouse, operating in all 50 U.S. states and covering millions of rental units. The platform allows renters to build their credit by reporting rent payments to major credit bureaus, helping them access better financial opportunities. The company also provides zero-interest rent relief to prevent evictions, ensuring financial stability for struggling tenants. Esusu's impact is profound: it has helped over 120,000 people establish credit scores, unlocked over $22 billion in credit activities, including $14 billion in mortgages, and partnered with major real estate owners and operators, processing over $110 billion in rent volume. In 2022, Esusu reached unicorn status with a valuation of $1 billion after raising $130 million in a Series B funding round. Beyond financial success, Esusu's mission is deeply rooted in economic justice. Wemimo Abbey serves on advisory boards for organizations like the SEC Small Business Capital Formation Advisory Committee and Fannie Mae's Affordable Housing Advisory Council, working to shape policies that promote equitable financial access.

Investment Focus

• Focus on renters and rental payment data
• Commitment to financial inclusion and economic justice
• Interest in partnerships with real estate owners and operators

Portfolio Companies