Fintech leader Esusu has raised $50 million in Series C financing at a $1.2 billion valuation. The rent reporting technology platform that advances credit building and economic mobility is available in over 5 billion rental units, comprising 12 million people and $100 billion in annual gross lease volume nationwide. In addition, the firm partners with 65% of the nation’s top owners and operators, including Bell Partners, Morgan Properties, Related Cos., TruAmerica Multifamily, and WinnCompanies.
The Series C round, which brings Esusu’s total capital raised to over $200 million, was led by Westbound Equity Partners, with participation from Geraldine R. Dodge Foundation, Blue Meridian Partners, and strategic family offices.
As Esusu enters its next phase of growth, it will use the new capital to scale three growth initiatives that aim to position the company as the foundational financial infrastructure for renters across the nation:
- Rent Reporting as a Service: The new capital will help scale its embedded rent reporting Application Programming Interface, which allows banks, fintechs, and credit unions to integrate rent reporting directly into their platforms;
- Esusu Pay: Esusu is leveraging lessons from its rent relief initiative to launch a product that will enable renters to split their monthly rent into two installments aligned with their income; and
- Rental Data for Underwriting: With the Federal Housing Finance Agency formalizing the inclusion of rental data in mortgage underwriting, a shift Esusu advocated for, the firm has signed agreements with major score providers, positioning itself as the foundational data infrastructure supporting this national change. Renters on the Esusu platform who would have been excluded due to poor credit scores will now unlock over $30 billion in mortgages after participating in rent reporting.
“Esusu was built on a simple principle: Economic mobility should be accessible to all,” said co-founders and co-CEOs Wemimo Abbey and Samir Goel. “This Series C reflects the market’s conviction that rental data is core infrastructure for the financial system. With our partners behind us, we are scaling solutions that serve as the bedrock of the American dream. Together, we are empowering renters to build credit, unlock capital, and participate fully in the economy.”