How One Startup Uses Rent to Bridge the Racial Wealth Gap
This episode features Wemimo Abbey and Samir Goel, the co-founders of Esusu, a fintech platform that leverages data to bridge the racial wealth gap. Today, more than 7 million Americans are…
Money Memories · Ilona Limonta-Volkova
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Show Notes
This episode features Wemimo Abbey and Samir Goel, the co-founders of Esusu, a fintech platform that leverages data to bridge the racial wealth gap. Today, more than 7 million Americans are unbanked, and more than 20 million are credit invisible, meaning they lack credit history with one of the 3 credit reporting agencies. Esusu helps individuals build credit by allowing them to report their rent payments to these agencies. We talk about how Abbey and Samir’s shared immigrant experiences had a profound effect on their understanding of wealth and equality, and the challenges of building a product that most VCs don’t have first hand experience with.