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A Note From Esusu’s Co-Founders
Announcing Esusu’s Series C
Esusu Raises $50 Million Series C at a $1.2 Billion Valuation.
We are delighted to share that Esusu has raised $50 million in our Series C financing, bringing the company to a $1.2 billion valuation and strengthening our position as the national leader in financial technology for banks, fintechs, employers, governments, renters, owners, and real estate operators.
We founded Esusu in 2018 with a simple but powerful belief: where you come from, what you look like, and your financial identity should never determine where you end up in life. Yet for too long, millions of Americans have been excluded from building credit, accessing quality housing, and unlocking long-term financial mobility.
Over the last several years, Esusu has evolved from a pioneering rent reporting platform into the infrastructure powering economic mobility. Esusu now powers over 5 million rental units, encompassing 12 million people and $100 billion in annual gross lease volume nationwide. Esusu partners with 65% of the largest real estate owners and operators, including Bell Partners, BH Management, Blackstone, Cortland, Invitation Homes, Jonathan Rose Companies, Kayne Anderson, Morgan Properties, Nuveen Real Estate, Pretium, Related Companies, TruAmerica, and WinnCompanies. With the federal government’s recent decision that rental data will now be included in mortgage underwriting, Esusu is uniquely positioned as one of the largest verified rental data aggregators in the United States.
Why We Raised a Series C
Esusu’s mission has grown in urgency and national relevance. The federal government’s decision to include rental data in mortgage underwriting marks one of the most significant policy shifts for equitable credit in decades, something we have advocated for since Esusu’s founding.
With this raise, we will scale three transformational initiatives:
- Rent Reporting as a Service (RaaS) allows banks, fintechs, and credit unions to embed rent reporting directly into their products.
- Esusu Pay is offering renters greater flexibility by splitting rent into two manageable payments.
- Esusu Identity Services combines Esusu’s proprietary data with our acquisition of Celeri Labs to create the financial identity of the future.
These investments accelerate our vision of a world where every renter can build credit, achieve stability, and ultimately build wealth. We extend our deepest thanks to the Esusu team, our property partners, financial institution partners, residents, and our investors who believe in the power of our mission. This milestone is a testament to what we can accomplish together.
Our best days are still ahead,
Wemimo Abbey & Samir Goel
Co-Founders & Co-CEOs, Esusu