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Esusu has raised $193.4M across 5 funding rounds.
Key people at Esusu.
Esusu has raised $193.4M in total across 5 funding rounds.
Based in Harlem, New York, Esusu is a financial technology company that helps renters build credit by reporting on-time rent payments to major credit bureaus. The platform currently serves over one million renters across four million residential units in all fifty states, facilitating access to approximately $13 billion in credit for lower-income households. The enterprise generates revenue through partnerships with property managers and real estate firms utilizing its data analytics and rental assistance services. Backed by lead investor Softbank Ventures, the firm reached a $1 billion valuation after securing a $130 million Series B round, bringing its total funding to $144 million. The executive leadership team has gained recognition from prominent organizations like Fortune and Ashoka for their ongoing work in expanding domestic financial inclusion. Esusu was founded in 2018 by Wemimo Abbey and Samir Goel.
Esusu is a fintech company founded in 2018 that builds a platform for rent reporting, enabling renters to build credit by reporting on-time payments to major credit bureaus, while providing property managers with tools for payments, financial health insights, identity verification, and analytics.[2][4][5] It primarily serves renters from underserved communities, low-income households, and minority backgrounds, as well as property owners, managers, banks, employers, and real estate operators, solving the credit invisibility problem—where 45 million Americans lack credit history due to unreported rent payments—and promoting financial inclusion amid rising living costs.[2][4][5] Esusu has shown strong growth momentum, raising $50 million in Series C funding in November 2025 at a $1.2 billion valuation, powering financial mobility for millions of renters across millions of units, and delivering an average credit score increase of +45 points.[4][5]
Esusu was co-founded in 2018 by Wemimo Abbey and Samir Goel, who recognized the widening racial wealth gap and the fact that 67% of Americans live paycheck-to-paycheck, with nearly 30% of lower-income households spending 95%+ of income on necessities like housing.[2][4] Motivated by their own experiences and a commitment to economic mobility, they launched as an economic platform to turn rent payments—previously invisible to credit reports—into a tool for building credit and financial stability, guided by the belief that financial identity should not limit opportunities.[2][4] Early traction came from accelerator programs like Financial Solutions Lab, Founder Institute, and The Global Good Fund, partnerships with property management software, and a pivotal Fannie Mae tie-up validating rent reporting's role in financial inclusion; by 2025, Esusu won a Start-Up Award at the Global Tech & AI Awards for transforming rent reporting.[1][2]
Esusu rides the fintech trend of alternative credit data and financial inclusion, capitalizing on rent reporting's recognition amid a housing affordability crisis where 45 million are credit-invisible and living costs outpace wages.[2][4] Timing aligns with regulatory shifts and partnerships like Fannie Mae, which amplify rent data's validity for mortgages and loans, while market forces—rising demand for equitable access from banks/governments and proptech growth—favor its model.[2][5] It influences the ecosystem by normalizing rent as credit-building infrastructure, enabling wealth-building for underserved groups, reducing racial wealth gaps, and integrating with insurtech/real estate tech to boost property outcomes like retention and fraud prevention.[3][4]
Esusu is poised to expand its $1.2B-valued platform into deeper banking/fintech integrations, government rent relief programs, and international markets, leveraging its Series C capital to scale renter impact beyond U.S. rentals.[4] Trends like AI-driven financial coaching, embedded finance in proptech, and policy pushes for inclusive credit will accelerate growth, potentially unlocking trillions in economic mobility as more payments data fuels personalized services. Its influence may evolve from niche rent reporter to full-spectrum economic mobility leader, challenging systemic barriers and redefining credit for the paycheck-to-paycheck majority—turning everyday rent into a gateway for wealth.
Key people at Esusu.
Esusu has raised $193.4M across 5 funding rounds. Most recently, it raised $50.0M Series C in December 2025.
Esusu has raised $193.4M in total across 5 funding rounds.
Esusu's investors include Jason Norman, Kelly Campbell, Geraldine R. Dodge Foundation, SoftBank Vision Fund 2, Kevin Hartz, Accel, Andreessen Horowitz, Bling Capital, Bond, Concrete Rose Capital, Dell Technologies Capital, Fenway Summer.
