Esusu
About Esusu
Esusu is a financial technology platform that enables renters to build credit by reporting their on-time rent payments to all three major credit bureaus. This service addresses the lack of credit history for underserved individuals, helping them increase their credit scores by an average of 46 points and access better financial opportunities.
<problem> Many renters lack a credit history because on-time rent payments are not typically reported to credit bureaus, hindering their ability to access financial products and services. This absence of credit history disproportionately affects underserved populations, limiting their opportunities for loans, mortgages, and other financial benefits. </problem> <solution> Esusu is a financial technology platform that enables renters to build credit by reporting their on-time rent payments to all three major credit bureaus: Equifax, TransUnion, and Experian. Through a subscription-based service, renters can report both current and up to 24 months of past rent payments, establishing or strengthening their credit profiles. The platform also offers credit score monitoring, financial literacy tools, and access to vetted financial products from partner organizations. By incorporating rent payment data into credit reports, Esusu helps renters improve their credit scores, gain access to better financial opportunities, and achieve long-term financial stability. </solution> <features> - Rent payment reporting to Equifax, TransUnion, and Experian - Credit score monitoring and tracking - Reporting of up to 24 months of past rent payments - Financial literacy resources and educational content - Marketplace of vetted financial products and services from partner organizations - Secure bank account linking for automated rent payment reporting - Mobile app available on iOS and Android - No hard credit pulls required </features> <target_audience> Esusu primarily targets renters, particularly those with limited or no credit history, who are seeking to build or improve their credit scores and gain access to better financial products and services. </target_audience> <revenue_model> Esusu generates revenue through a tiered subscription model, offering different levels of features and services at varying monthly price points, including a free toolkit and marketplace tier, a core tier at $2.50/month, and a premium tier at $54/month. </revenue_model>
What does Esusu do?
Esusu is a financial technology platform that enables renters to build credit by reporting their on-time rent payments to all three major credit bureaus. This service addresses the lack of credit history for underserved individuals, helping them increase their credit scores by an average of 46 points and access better financial opportunities.
Where is Esusu located?
Esusu is based in East New York, United States.
When was Esusu founded?
Esusu was founded in 2016.
How much funding has Esusu raised?
Esusu has raised 145025000.
- Location
- East New York, United States
- Founded
- 2016
- Funding
- 145025000
- Employees
- 167 employees
- Major Investors
- Plug and Play, SoftBank Vision Fund, Kleiner Perkins, Motley Fool Ventures, Acumen