Esusu Raises $1.6 Million Seed Funding

Want to share this story?

New York based startup Esusu announced it raised new funding to help improve the financial health of its users.

The startup announced it has raised $1.6 million in seed funding from leader Acumen Funding, with supporting investors including Temerity Capital, Global Good Fund, Kleiner Perkins, Sinai Ventures, Plug and Play Tech Center, Katapult Accelerator, and Global Good Fund.

Esusu helps individuals save money and build credit by bringing property owners into the process. Founded in 2016, the Fintech company lets users build a stronger financial base by providing financial solutions for low-to-middle income consumers. It’s rent reporting platform captures rental payment data and reports it to credit bureaus to boost credit scores, helping tenants build and establish credit scores while helping property owners attract reliable tenants.

Esusu plans to use the funding to scale, expand market share, add staffing and grow product development.