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 prominent angel investors.
The company intends to use the funds to grow the team – hiring in key leadership roles across sales, technology, and operations. enhance the rent reporting platform, onboard new partnerships, and extend overall reach.
Co-founded by Abbey Wemimo and Samir Goel alongside founding team members Albert Owusu-Asare (CTO) and Robert Henning (CFO), Esusu provides a mobile app for people to establish and build credit.
In 2018, the company launched its peer-to-peer savings app on iOS and Android. This year, Esusu debuted its signature rent reporting platform to give renters credit for making monthly payments, a benefit historically reserved for homeowners.
The company has partnerships with national organizations including the Local Initiatives Support Corporation (LISC) and Credit Builders Alliance (CBA).