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Esusu and Goldman Sachs partner to enable renters grow financial identity through credit

By Pavithra R

April 26, 2021

  • America
  • Esusu
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Esusu and Goldman Sachs partner to enable renters grow financial identity through creditEsusu, a leading financial technology company providing data solutions for the low-to-middle income consumer has announced partnering with Goldman Sachs to extend rent reporting benefits to residents in select Goldman Sachs properties nationwide.

The collaboration is a result of a 2019 pilot rent reporting program funded by Goldman Sachs and implemented by Esusu and the Credit Builders Alliance that demonstrated that rent reporting can improve credit scores, a key measure of financial health. Esusu boosts renters’ credit scores by reporting on-time rental payments into credit bureaus on behalf of landlords.

“Credit is the building block of financial stability, opportunity, and resiliency in this country. Esusu and Goldman Sachs are working together to help renters access the same credit building benefits that homeowners have utilized for generations. This partnership, our first with a major financial institution, is groundbreaking for us because we can scale across the Goldman Sachs real estate investment portfolio and its extensive housing footprint while advocating for our shared commitment to removing systemic housing inequalities that negatively impact the financial well-being of under-resourced communities,” said Abbey Wemimo and Samir Goel, Co-Founders of Esusu.

Founded in 2016, Esusu helps individuals save money and build credit. is a mission-driven, minority-owned startup that has been at the forefront of digitizing credit building efforts and spearheading a national rent relief fund to support renters impacted by the COVID-19 housing crisis directly.

Esusu will enable renters to seamlessly report their rental payment data into Equifax, Experian, and TransUnion to establish and build their credit profiles through on-time payments. Renters will also have free access to their credit score through the Esusu Rent Mobile App. Its services benefit both renters and real estate owners to drive inclusive economic growth and exhibit a commitment to ESG issues.

“As part of Goldman Sachs’ core purpose of advancing sustainable economic growth and financial opportunity, we are committed to improving the financial health of the tenants that live in the properties we invest in. Offering rent reporting through our partnership with Esusu is a win all around – for investors, for landlords, and for our tenants and their families. Given the significant impact of rent reporting on financial health, we are working with Esusu to expand rent reporting throughout our Goldman Sachs Asset Management multifamily housing portfolio in the U.S. over time,” said Margaret Anadu, Global Head of Sustainability and Impact for Goldman Sachs Asset Management.

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