Fintech service provider Esusu has become the latest fintech to achieve unicorn status after closing its $130 million funding round. With this, Esusu became one of the first black-owned startups to receive unicorn status.
The investment round, which was led by SoftBank Vision Fund 2, saw participation from some of the world’s leading investors, including Jones Feliciano Family Office, Lauder Zinterhofer Family Office, Motley Fool Ventures, Schusterman Foundation, SoftBank Group’s SB Opportunity Fund and Wilshire Lane Capital.
With the latest funds, the fintech platform plans to improve its operations. The company aims to triple its workforce. Founded in 2018, the fintech company has seen an increase in customer demand in recent months.
“We founded Esusu with a vision to use data to close the racial wealth gap and create fairer financial opportunities for low-to-moderate income households in this country,” said Abbey Wemimo and Samir Goel, co -founders of Esusu. “By establishing and improving credit scores, we strengthen financial identities while enabling individuals, families and communities to achieve their long-term financial goals.”
Fintech financing
Global venture capital firms have invested billions of dollars in fintech companies in 2021 amid massive transformation in the global financial services industry. Esusu leverages data solutions to empower residents and improve property performance. According to the company, Esusu is now available in more than 2.5 million homes.
“By using alternative data to improve credit scores, Esusu can unlock financial opportunity for millions of underserved American households,” said Vikas Parekh, managing partner at SoftBank Investment Advisers. “We believe Esusu has built a leading rental finance and reporting platform through partnerships with tenants, landlords and lenders that can become the central data center for consumer financial health. We are delighted to partner with Samir Goel, Abbey Wemimo and the team to support their vision of generating equitable financial access for all.
Fintech service provider Esusu has become the latest fintech to achieve unicorn status after closing its $130 million funding round. With this, Esusu became one of the first black-owned startups to receive unicorn status.
The investment round, which was led by SoftBank Vision Fund 2, saw participation from some of the world’s leading investors, including Jones Feliciano Family Office, Lauder Zinterhofer Family Office, Motley Fool Ventures, Schusterman Foundation, SoftBank Group’s SB Opportunity Fund and Wilshire Lane Capital.
With the latest funds, the fintech platform plans to improve its operations. The company aims to triple its workforce. Founded in 2018, the fintech company has seen an increase in customer demand in recent months.
“We founded Esusu with a vision to use data to close the racial wealth gap and create fairer financial opportunities for low-to-moderate income households in this country,” said Abbey Wemimo and Samir Goel, co -founders of Esusu. “By establishing and improving credit scores, we strengthen financial identities while enabling individuals, families and communities to achieve their long-term financial goals.”
Fintech financing
Global venture capital firms have invested billions of dollars in fintech companies in 2021 amid massive transformation in the global financial services industry. Esusu leverages data solutions to empower residents and improve property performance. According to the company, Esusu is now available in more than 2.5 million homes.
“By using alternative data to improve credit scores, Esusu can unlock financial opportunity for millions of underserved American households,” said Vikas Parekh, managing partner at SoftBank Investment Advisers. “We believe Esusu has built a leading rental finance and reporting platform through partnerships with tenants, landlords and lenders that can become the central data center for consumer financial health. We are delighted to partner with Samir Goel, Abbey Wemimo and the team to support their vision of generating equitable financial access for all.
