"The funding round was led by Westbound Equity Partners, with participation from the Geraldine R. Dodge Foundation, Blue Meridian Partners and strategic family offices, the company's press release explained. Esusu was built on a simple principle: economic mobility should be accessible to all, company co-founders and co-CEOs Wemimo Abbey and Samir Goel said in a statement. This Series C reflects the market's conviction that rental data is core infrastructure for the financial system."
"Esusu said it will use the new capital to scale three business lines: Rent Reporting as a Service (RaaS), Esusu Pay and Rental Data for Underwriting. The company's Rent Reporting as a Service product has seen increased adoption, including a recent integration with Zillow. Esusu's leadership in rent reporting makes them a natural partner, said Michael Sherman, senior vice president at Zillow Rentals. Esusu Pay allows renters to spread monthly rent payments across two installments."
The funding round was led by Westbound Equity Partners with participation from the Geraldine R. Dodge Foundation, Blue Meridian Partners and strategic family offices. Esusu was built on the principle that economic mobility should be accessible to all. The Series C reflects market conviction that rental data is core infrastructure for the financial system. New capital will scale Rent Reporting as a Service (RaaS), Esusu Pay and Rental Data for Underwriting. RaaS adoption has increased, including an integration with Zillow, and Esusu Pay lets renters split monthly rent into two installments to reduce rent stress. FHFA rental-data policy changes are expected to boost demand for verified rental information, and renters on the platform have unlocked over $30 billion in mortgages through improved credit profiles.
Read at www.housingwire.com
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