Esusu is not just another startup. It's a platform designed to help you transform your life by better saving your income, accessing larger amounts of capital, and building credit. Today in the United States alone, approximately 106 million people are still 'unbanked'. Saving is hard for anyone, and even more so for those without access to financial institutions. Esusu allows users to form groups (of people they already know) in which they collectively save money and pay the collective sum to a different user each pay period.
This means that when you need a little more... for your home down payment, student loans, new business, education, and more you can get it from your family and friends and pay it back immediately. Esusu meets individuals where they are and enables them to empower themselves.
Esusu is based on the historical concept of 'susu' savings groups in Ghana, but susu is only one of the many names for Rotational Savings and Credit Associations (ROSCA), or informal savings clubs. Through history almost every civilization established some form of these savings groups and this practice still exists in the 21st century. At Esusu we are integrating this practice into today's technology to make it even more accessible and impactful.
This means that when you need a little more... for your home down payment, student loans, new business, education, and more you can get it from your family and friends and pay it back immediately. Esusu meets individuals where they are and enables them to empower themselves.
Esusu is based on the historical concept of 'susu' savings groups in Ghana, but susu is only one of the many names for Rotational Savings and Credit Associations (ROSCA), or informal savings clubs. Through history almost every civilization established some form of these savings groups and this practice still exists in the 21st century. At Esusu we are integrating this practice into today's technology to make it even more accessible and impactful.
Location: United States, New York
Employees: 51-200
Phone: +1 646-664-8947
Total raised: $13.9M
Valuation: $1B
Founded date: 2016
Investors 9
Funding Rounds 3
| Date | Series | Amount | Investors |
| 01.08.2021 | Series A | $10M | - |
| 31.08.2020 | Seed | $2.3M | - |
| 02.09.2019 | Seed | $1.6M | - |
Mentions in press and media 30
| Date | Title | Description |
| 02.05.2023 | 3 credit repair strategies that personal finance experts say are often overlooked | Dispute inaccurate items on your credit report to raise your credit score. Kittiphan Teerawattanakul/Getty Images Redeem now Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit c... |
| 04.10.2022 | Ashland Pacific Teams Ups with Esusu to Bolster Financial Health of Student Housing Residents | Establishing credit as a student is often a challenge. This program takes activities our student residents are already doing – paying their rent - and uses it to automatically build on their credit scores. LOS ANGELES (PRWEB) October 04, 20... |
| 07.09.2022 | Berkadia signs multiyear deal with rental reporting firm Esusu | Berkadia, a joint commercial real estate venture between Berkshire Hathaway and Jefferies Financial Group, today announced signing a multiyear agreement with rental data reporting fintech Esusu, according to a press release. The company say... |
| 12.08.2022 | Serena Williams is leaving tennis to become a full-time venture capitalist. Here’s why. | Serena Williams announced that she was leaving tennis to focus on venture capital investing. Williams launched VC firm Serena Ventures in 2014 and has invested in over 60 companies. Advertisement Serena Williams announced on Tuesday that sh... |
| 21.03.2022 | Esusu — Help with Credit Score by Alexander Gornyi | The post was originally published in Russian on Startup of the Day. Alexander kindly agreed to republish what we think is of great value to our readers. Credit score is a very important indicator for every American. And everyone living in ... |
| 14.03.2022 | Inside Cadana’s plan to provide salary on-demand without payback or interest charge | Share this article: “Cadana is a platform that allows African workers to get paid on demand instead of waiting till the end of the month, unlocking their earnings in real-time.” — Albert Owusu-Asare, Cadana CEO. Digitising payroll and human... |
| 23.02.2022 | PadSplit and Esusu partnership has led to 95% of PadSplit residents improving their credit scores | Today’s housing market is plagued by a lack of affordable options as well as barriers to access in the form of zoning, required minimum credit scores, and sky-high security deposits that prevent our community workers from finding quality ho... |
| 04.02.2022 | Norway’s Katapult VC gains two impact unicorns in one week | With Chilean insurance tech startup Betterfly now sharing prestigious unicorn status with fellow portfolio company, Esusu, Norwegian VC Katapult has gained its second accelerator-bred impact unicorn in one week. Katapult first discovered a... |
| 27.01.2022 | Esusu becomes unicorn with SoftBank Vision Fund 2-led $130M funding | More than 100 million Americans spend an average of $1,100 (over $1.4 trillion per year) on their largest monthly household spend: rent. But reports say 90% of these people don’t get credit for paying their rent on time. On a sub-level, ove... |
| 14.01.2022 | PadSplit showcases co-living model explosion | PadSplit, a shared housing marketplace in the country specifically designed for the workforce, announced tripling year-over-year growth in available units, according to a press release. Founded in 2017, PadSplit is a Public Benefit Corporat... |
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