Rent reporting fintech Esusu raises $50 million

Michael Nagle/Bloomberg

Rent reporting platform Esusu raised $50 million in a Series C funding round, which it plans to use to scale three specific programs.

The New York City-based fintech now counts total capital raised to over $200 million, it said Thursday. The company shares tenants' and landlords' on-time rent data with the three major credit bureaus, a service that it says has unlocked $30 billion in mortgages for renters who would've otherwise not qualified for a home loan. 

"This Series C reflects the market's conviction that rental data is core infrastructure for the financial system," said Esusu co-founders and co-CEOs Wemimo Abbey and Samir Goel, in a press release. 

Westbound Equity Partners led the funding round. 

Esusu partnered with the government-sponsored enterprises four years ago and says it works with 65% of the nation's largest real estate owners and operators nationwide, encompassing 12 million tenants. It claims to process $100 billion in annual gross lease volume nationwide. 

How Esusu will spend the money

The company said it will expand its application programming interface for its Rent Reporting as a Service to integrate with more depositories, fintechs and credit unions.

The new capital will also help the firm launch Esusu Pay, which will allow renters to split their monthly rent into two payments, in accordance with their income. Following a recent acquisition of artificial intelligence-powered fraud prevention firm Celeri, Esusu is also developing identity services products. 

Last month Esusu announced a partnership with Zillow, in which renters in the new CreditClimb program can pay $20 a year to share their on-time rent payment data with the bureaus. According to the companies, renters using Esusu programs have realized an average increase of 45 points to their credit scores. 

A Transunion study this year found instances of self-reported rent up in 2025 to 13%, although participation from Gen Z renters declined. The bureau encouraged renters to report their on-time payments, finding it improved the overwhelming majority of credit scores for every age demographic. 

Esusu partners with two government-sponsored enterprises that buy a large number of mortgages made in the United States with the aim of doing more to leverage rent data.

A venture capital firm with ties to former tennis star Serena Williams has been a significant investor in Esusu.