We got an exclusive look at the pitch deck fintech Esusu used to win the backing of ex-Linkedin CEO Jeff Weiner
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- Fintech startup Esusu, which aims to help people from alized communities build better credit scores, has raised $4 million in seed funding.
- The New York-based firm works with credit agencies, landlords, and tenants to help avoid evictions.
- Backers include Next Play Ventures, cofounded by Linkedin chairman Jeff Weiner, Concrete Rose Capital, Zeal Capital Partners, and the Impact America Fund.
- Business Insider got an exclusive look at the pitch deck Esusu used to bring investors on board.
- Visit Business Insider’s homepage for more stories.
Last week Esusu, a fintech firm helping people from alized communities build better credit scores, announced it had secured $4 million in seed funding.
The firm was backed by Next Play Ventures, cofounded by Linkedin chairman Jeff Weiner, as well as new investors Concrete Rose Capital, Zeal Capital Partners, and the Impact America Fund.
According to data collated by the Consumer Financial Protection Bureau, an estimated 45 million Americans don’t have a credit score. For many, this can make it harder to go beyond living paycheck to paycheck.
Esusu collects and compiles tenant data for credit agencies and landlords to try and reduce the likelihood of eviction and help the worst-affected renters build better credit.
Speaking to Business Insider, cofounder Abbey Wemimo said Esusu was helping to “right the wrongs of America’s past” by countering the long-term effects of systemic racism.
“If you don’t have a good credit score, you will ultimately end up paying out so much more over the course of your lifetime,” he said. “That’s fundamentally unfair — but it presents a wonderful opportunity for us to address that, and rebalance a key part of the American economy.”
Wemimo added that Weiner had been an “invaluable” asset to the company since coming on board as an investor. “I think a lot of investors of his calibre are sometimes a little distant or hands-off. But Jeff is always accessible, ready to help … It’s been really great having him there.”
Business Insider got an exclusive look at the pitch deck Esusu used to win the backing of Weiner and others. Check it out below: