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.
Funding
$145M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+7Founders
Product
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.
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.
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.
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