Esusu operates as a platform for renter financial health helping low-to-moderate-income households unlock the ability to access high-quality financial products. It helps consumers to save their income, access larger sums of capital, and build credit and financial identity through rotational savings. It was founded in 2018 and is based in New York, New York.
ESPs containing Esusu
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The residential rent payment rewards market offers an opportunity to earn rewards or incentives for making timely rent payments. Rent payment rewards programs encourage tenants to pay their rent on time by providing them with benefits such as cashback, discounts, loyalty points, or other rewards. These programs aim to enhance tenant satisfaction, promote financial responsibility, and foster positi…
Esusu's Products & Differentiators
Report rental data to Equifax, Experian, and TransUnion to help residents establish and improve credit.
Expert Collections containing Esusu
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Esusu is included in 6 Expert Collections, including Real Estate Tech.
Real Estate Tech
Startups in the space cover the residential and commercial real estate space. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and property management, insurance, mortgage, construction, and more.
Unicorns- Billion Dollar Startups
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Track startups and capture company information and workflow.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Esusu has filed 1 patent.
Credit, Video cards, Nvidia graphics processors, Real estate, Credit scoring
Credit, Video cards, Nvidia graphics processors, Real estate, Credit scoring
Latest Esusu News
Nov 14, 2023
New York, New York, UNITED STATES HARLEM, N.Y., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Esusu , the leading financial technology company revolutionizing rent reporting and data solutions for credit building, announced new milestones from the company’s collaboration with Fannie Mae today. The latest data underscores the far-reaching impact on more than 224,000 renters enrolled with Esusu, resulting in the creation of 22,155 new credit scores for previously credit-invisible renters and unlocking billions of dollars in capital for low-to-moderate income renters. In September 2022, Fannie Mae introduced the Positive Rent Payment pilot to enable renters to build and establish their credit scores through on-time rent reporting. The initiative also helps multifamily property owners by reducing tenant turnover and lowering eviction rates. Fannie Mae encouraged its owners/operators to adopt positive rent reporting by covering the cost of the service for one year. Data through September 2023 shows over $2.79 billion in new credit tradelines have been created due to credit score enhancements achieved by renters who live in multifamily properties backed by Fannie Mae loans and enrolled through Positive Rent Payment with Esusu. A survey of renters revealed that 79% recognized the potential for greater financial opportunities with higher credit scores. Esusu examined an anonymized data set for those enrolled in the pilot and found that, since being enrolled in their pilot, participating renters have seen economic advantages including: An average credit score increase of 39 points by renters with an existing credit score Over $2.79B in new credit tradelines (loans, mortgages, credit cards, etc.) created Over $1.74B in mortgage loans received 18,700 auto loans, 4,300 mortgage loans, and 5,600 student loans accessed “In our ongoing pursuit of an equitable society, it is deeply gratifying to witness the significant progress achieved through our partnership with Fannie Mae," stated Wemimo Abbey and Samir Goel, co-founders and co-CEOs of Esusu. "Together, we've witnessed more than 22,000 renters establish credit scores. This initiative has granted countless renters access to high-quality auto, home, and student loan products, elevating their financial prospects. The journey has only just begun, and we eagerly anticipate further expansion in access to financial resources, propelling us towards a future marked by greater financial equity for all." "Our partnership with Esusu is not just a collaboration but a profound extension of our commitment to our residents. It serves as the lynchpin in our resident satisfaction strategies and helps drive success at our properties,” said Managing Partner of Comunidad Partners, Antonio Marquez. “Our communities are marked by reduced turnover and prolonged loyalty, which has transplanted into durable demand and compelling property performance for us. We are honored to be partnered with Esusu to support this mission.” Avanath, a property owner in the Fannie Mae Positive Rent Payment pilot with Esusu, has seen 70% of its residents experience tangible credit score improvements during their enrollment, boasting an impressive average increase of 35 points as of June 2023. “Avanath's partnership with Esusu epitomizes our unwavering dedication to innovation, the empowerment of our residents, and the pursuit of sustainable, affordable housing solutions,” said Daryl Carter, the Founder, Chairman, and CEO of Avanath. “The broadened access to these services is a resounding win-win for both our cherished residents and the entire industry.” Given the remarkable success of the Positive Rent Payment pilot, we are proud to announce its extension for another year, offering more multifamily owners and operators in buildings financed by Fannie Mae the opportunity to participate through December 2024. This will enable more renters to have their on-time rent payments count towards their credit score. Learn more about the pilot with Esusu here: https://esusurent.com/fannie-mae/ . About Esusu Esusu is the leading financial technology platform that leverages data solutions to empower residents and improve property performance. Esusu's rent reporting platform captures rental payment data and reports it to credit bureaus to boost credit scores. This allows renters to build and establish their credit scores while helping property owners mitigate against initiating evictions, powered by differentiated data and insights. Founded in 2018, Esusu reaches over 4 million rental units across all 50 states in the United States. Learn more at www.esusurent.com and follow us on Instagram @myesusu and on Twitter @getesusu. About Fannie Mae Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible. To learn more, visit: fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog Esusu media contact
Esusu Frequently Asked Questions (FAQ)
When was Esusu founded?
Esusu was founded in 2018.
Where is Esusu's headquarters?
Esusu's headquarters is located at 215 West 125th Street, New York.
What is Esusu's latest funding round?
Esusu's latest funding round is Series B.
How much did Esusu raise?
Esusu raised a total of $144.43M.
Who are the investors of Esusu?
Investors of Esusu include Type 1 Ventures, Eric Zinterhofer and Ronald Lauder Family Office, Charles and Lynn Schusterman Family Foundation, Kwanza Jones and Jose E. Feliciano Supercharged Initiative, The Related Companies and 22 more.
Who are Esusu's competitors?
Competitors of Esusu include Boom, Bilt Rewards, getmomo, Kwaba, Possible Finance and 7 more.
What products does Esusu offer?
Esusu's products include Rent Reporting and 3 more.
Who are Esusu's customers?
Customers of Esusu include Goldman Sachs, Related, Camden, Carrol and Winncompanies.
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