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.
Wemimo Abbey and Samir Goel are on a mission to change that. Together, they founded Esusu, which is a fintech platform that leverages data to bridge the racial wealth gap. Esusu Rent 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.