Esusu Financial Gets Funding from SoftBank Vision Fund 2
Posted on 01/30/2022
Esusu Financial, Inc. (Esusu) aims to automate credit building by reporting tenant’s monthly rent payments to credit bureaus. Esusu raised US$ 130 million in a Series B round that gives the company a US$ 1 billion valuation. The funding round was led by SoftBank Vision Fund 2 with participation from Jones Feliciano Family Office (family office of Clearlake Capital Group co-founder José E. Feliciano), Lauder Zinterhofer Family Office, Motley Fool Ventures, Schusterman Foundation, SoftBank Group’s SB Opportunity Fund, Related Companies, and Wilshire Lane Capital.
Esusu’s Series A round was led by Motley Fool Ventures Managing Partner Ollen Douglass.
Existing investors include Concrete Rose Capital, The Equity Alliance, Impact America Fund, Next Play Ventures, Serena Ventures, Sinai Ventures, and TypeOne Ventures. They each doubled down on their prior investment in Esusu—bringing the company’s total funding to over US$ 144 million.
Over 90% of renters do not get credit for paying rent on time, leading to financial exclusion. Esusu bridges this gap by reporting on-time rent payments to the three major credit bureaus, (Equifax, TransUnion, and Experian) helping renters across the nation establish and improve their credit scores to unlock quality financial products. For landlords, Esusu is a way to capture and report residents’ rental data to credit bureaus.
