Esusu, a Harlem, NY-based financial technology company for rent reporting and data solutions for credit building, raised $10m in Series A funding.
The round, which brought total funding raised to $14m to date, was led by Motley Fool Ventures with participation from Serena Williams, through Serena Ventures, The Equity Alliance, Predictive VC, previous seed round investors Concrete Rose Capital, Impact America Fund, Global Impact Fund, Next Play Ventures, and Zeal Capital Partners, and other angel investors.
The company intends to use the funds to double down on growth through product innovation, talent recruitment, and building its financial health platform for low to medium-income families.
Led by Co-CEOs Abbey Wemimo and Samir Goel, Esusu is a financial technology platform that leverages data solutions to empower tenants and improve property performance. Its rent reporting platform captures rental payment data and reports it to credit bureaus to boost credit scores. This allows tenants to build and establish their credit scores while helping property owners increase revenue, lower evictions, and fill vacancies powered by differentiated data and insights. Founded in 2018, Esusu reaches over two million rental units across all 50 states in the US. Partners include Goldman Sachs, Related Companies, Winn Residential, Camden Property Trust, L+M Development Partners, and more.