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Stock impact report

Fintech Platform Esusu Raises $50 Million Series C At A $1.2B Valuation, Helping People Build Credit Using Their Rental History [Yahoo! Finance]

TransUnion (TRU) 
Last transunion earnings: 4/28 06:50 am Check Earnings Report
US:NYSE Investor Relations: investors.transunion.com
Company Research Source: Yahoo! Finance
The company was founded in 2018 by Wemimo Abbey and Samir Goel (co-CEOs) to help people boost their credit scores. Its inspiration came from their own struggles because both grew up in immigrant families with limited financial resources. “When we came here, we didn't have a credit score. We went to one of the biggest financial institutions to borrow money; we were turned away and had to go borrow from a predatory lender who wanted to lend at over 400% interest rate,” Abbey told CNBC, referring to his family's experience. This inspired Esusu's mission to help ensure race, background, or zip code is not a barrier to economic mobility. Its platform can report on-time rent payments to credit bureaus such as TransUnion, Equifax, and Experian, its website mentions. Esusu states that when more renters see their scores increase, they are more likely to remain on top of monthly payments, renew their leases, and maintain trust with property managers. The platform currently reaches 12 mil Show less Read more
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