2023

A Year In Review

Unlock Tomorrow

Mission

Dismantle barriers to housing for working families

Vision

Unleash The Power of data to bridge the racial wealth gap

Impact

$21.9 billion in new credit activity unlocked by Esusu renters

+36 point credit score increase

56% of renters improved their scores

107,000+ established credit scores

33,000 mortgages accessed

7% of renters moved from subprime to prime

Rent Reporting Impact

Line graph showing increasing values from January to October 2023, with a sharp rise in October reaching over 100,000.

107,000+ Renters Established First-Time Credit Scores With Esusu

We passed a momentous milestone this year, helping over 107,000 renters establish first-time credit scores. Many of these renters have gone on to access student loans, car loans, and 142 renters even accessed mortgages.

Credit Scores are increasing nationwide

Average Esusu renter credit score by state: In January, only 51% of states had average scores above 660 points (a prime score). By October, that number jumped to 70.8%.

Renters are using their new and improved credit scores to better their lives

Esusu renters have now accessed over $21.9B in new credit tradelines

Esusu renters with new and improved credit scores are unlocking new credit opportunities, opening nearly half a million tradelines as of October 2023. These include credit cards, mortgages, and student and car loans. The latest data shows Esusu renters have now accessed:

33K+

Mortgages equating to over $14 Billion

42K+

Student loans

383K+

Credit cards

134K+

Auto loans

Company Milestones

2023 marked our biggest year yet, including the launch of our new Resident Portal and recognition on the TIME100 Next and Forbes Fintech50 lists. We’re grateful to our team and partners who joined us on this journey.

Smiling young woman and man sitting on outdoor steps looking at a phone with an overlay about utility bill assistance for low-income home energy support.

Esusu Resident Portal And Marketplace

This fall, we introduced the Esusu Resident Portal, a hub for renter financial health. Esusu renters can now monitor their credit scores, track on-time payments, and access the Esusu Renters Marketplace. We’re excited to welcome partners like Sure Insurance, Grow Credit, Caribou, and many more to the Marketplace.

400,000+ renters reporting rent through Fannie Mae and Freddie Mac

We entered our second year of engagement with both Fannie Mae and Freddie Mac. The first year of the programs resulted in 2,000+ properties bringing free rent reporting to over 400,000 residents.

Young man using smartphone next to a digital interface showing $1,500 rent relief loan with no interest.

Distributing Rent Relief At Scale With The Stable Home Fund

Our partnership with the Stable Home Fund has brought rent relief to thousands of residents, helping them avoid eviction and keeping cash flows positive for properties. Esusu and the Stable Home Fund helped over 8,000 families avoid eviction.

Mobile phone screen showing a TIME article titled 'Wemimo Abbey and Samir Goel' with illustrated portraits of the two men, surrounded by logos for LinkedIn Top Startups 2023, TIME 100 Next, The Fintech 50 2023, and a photo of Abbey and Goel holding awards in suits.

Celebrating An Award-Winning Team

Esusu was recognized by some of the top awards,  publications, and lists in the world, including:

TIME100 Next
LinkedIn Top Startups
Forbes Fintech 50
Fortune Change the World list
EY Entrepreneurs of the Year

Disclaimer: Reporting rent payments does not solely dictate credit score changes. Predicting the exact impact on your score is impossible, as  individual credit profiles vary, influenced by various factors. All data in this report is accurate through October 2023.

Looking Toward 2024:

A letter from our founders

As we bid farewell to 2023, celebrating billions in unlocked capital and assisting thousands of families in avoiding eviction, we reflect on a year where renter financial wellness took the spotlight. None of this would have been achievable without our industry's steadfast dedication to financial inclusion. 2023 will be remembered, but 2024 is our next destination—filled with shared success and prosperity. Our heartfelt thanks for your support. Esusu’s best days are ahead.

‍Forward together,