Esusu Financial, a fintech startup based in New York has secured $1.6 million to foster the expansion of its services in the US. The funding round was led by Acumen and six other ventures that leverage a tactical approach to solve financial problems.
Launched on the 1st of May 2016 by Samir Goel and Abbey Wemimo, the startup aims to help users save consistently in bits. Esusu will leverage the funds to improve the existing rent platform which allows users to record when they pay rents and build new rent credits.
Eliza Golden, Portfolio Manager of Acumen said, “As impact investors focused on improving the financial health of all Americans, we look for entrepreneurs who are tackling frictions in the financial services industry that are adversely affecting both sides of the market.”
See also: Accion Venture Lab unveils $23 Million Inclusive Fintech Startup Fund
Co-founders Samir Goel and Abbey Wemimo said their vision to transform access to wealth-building is exciting. The focus is to empower lower-income and historically credit-challenged consumers with apt credit-building.
According to Abbey Wemimo, Co-founder and CEO Esusu, “With the support of our strategic investors and partners, Esusu is poised for unprecedented growth and is ready to scale to serve millions of Americans struggling to save and create financial identities.”
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