Esusu, a NYC-based financial technology platform for individuals to save money and build credit, closed a $1.6m seed funding round.
The round was led by Acumen Fund with participation from Sinai Ventures, Kleiner Perkins, Katapult Accelerator, Plug and Play Tech Center, Global Good Fund, Temerity Capital Partners, and other angel investors.
The company intends to use the funds to scale, expand market share, and focus on product development, enhancing the rent reporting platform, onboard new partnerships, and extend overall reach.
Co-founded in 2016 by Co-CEOs Abbey Wemimo and Samir Goel alongside founding team members Albert Owusu-Asare (CTO) and Robert Henning (CFO), Esusu provides an app for people establish and build credit.
In 2018, the company launched its peer-to-peer savings app on iOS and Android. This year, Esusu launched its signature rent reporting platform to give renters credit for making monthly payments.