Black-owned fintech Esusu raises $130 million Series B at a $1 billion valuation

Black-owned fintech Esusu raises $130 million Series B at a $1 billion valuation

Source: Esusu

Today we are proud to announce that Esusu has raised $130 million at a $1 billion valuation.

This Series B financing provides Esusu with the capital to execute on our mission of dismantling barriers to housing for working families, and work towards our vision of unleashing the power of data to bridge the racial wealth gap. This fundraise makes Esusu one of the few Black-owned startups to reach unicorn status both in the United States and globally.

We founded Esusu in 2018 with the premise that no matter where you come from, the color of your skin, or your financial identity it should never determine where you end up in life. In the United States, credit is fundamental to financial stability, access to housing, and upward mobility. Unfortunately, the current system leaves millions behind who are credit invisible, thin-file, or otherwise credit-challenged precluding them from accessing quality financial products.

Esusu’s platform enables renters to build financial identity,