Reflections from the 2025 CEO Council Summit: Optimism, opportunity and the best path forward
CNBC CEO Council Members convene to wrap up the 2025 CEO Council Summit. Hear from Esusu Co-Founder and Co-CEO Wemimo Abbey, Blue Cross Blue Shield Association CEO Kim A. Keck and Fortune Brands Innovations CEO Nicholas Fink on their key takeaways from this year's speakers.
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CNBC
22-05-2025
- CNBC
Reflections from the 2025 CEO Council Summit: Optimism, opportunity and the best path forward
CNBC CEO Council Members convene to wrap up the 2025 CEO Council Summit. Hear from Esusu Co-Founder and Co-CEO Wemimo Abbey, Blue Cross Blue Shield Association CEO Kim A. Keck and Fortune Brands Innovations CEO Nicholas Fink on their key takeaways from this year's speakers.
Miami Herald
18-04-2025
- Miami Herald
Partnership between Black-owned app and bank helps Miami renters build credit
Teri Williams, CEO of the Black-owned OneUnited Bank, is well aware of the challenges that many prospective Black homeowners face, including low credit scores. By partnering with the credit reporting app Esusu, OneUnited hopes to see its users build their credit based on their positive rental histories. The app reports consumers' monthly rental payments to credit bureaus to help them build credit. 'Historically, it has not been included,' Williams told the Miami Herald. 'They ding you when you pay your credit card 30 days late, but you may still be paying your rent every month on time.' Esusu — an African word for an informal, community-driven financial system — was founded in 2018 by entrepreneur Wemimo Abbey, who was inspired by his experience of emigrating to America. In 2003, Abbey emigrated to the United States from Lagos, Nigeria, with his family when he was 16. His mother didn't have a credit score at the time and fell victim to predatory lending, with some interest rates as high as 400%. 'I wanted to create a solution to help people lead their best financial lives,' Abbey said. The app also provides financial literacy tools for users to build healthier financial habits. Esusu customers need a bank account to use the app and are encouraged to open accounts with OneUnited. Williams and Abbey first met at January's BMe Conference in Miami and agreed that many Black people are saddled with debt and don't see homeownership as a possibility. The inclusion of rental history is one way that Williams and Abbey believe Esusu can help consumers in a significant way. Since the app's launch, users have reported their credit scores increasing as much as 45 points, according to Williams. Williams said she is hopeful the partnership will help Black residents create a more fruitful financial future for themselves. 'To us, this is exactly the kind of thing to do for our community,' she said. 'I think it's great for two Black-owned companies to work together.'
Yahoo
16-04-2025
- Yahoo
LeaseLock Partners with Esusu to Expand Benefits for Renters and Property Owners
DALLAS, April 16, 2025--(BUSINESS WIRE)--LeaseLock, the exclusive provider of lease insurance for rental housing, has partnered with Esusu, a credit building and financial wellness platform, to provide renters with a powerful new tool - reporting on-time rent payments to major credit bureaus to help build credit. This collaboration reinforces both companies' shared mission of making renting more accessible, improving financial outcomes for renters, and increasing asset value for property owners. LeaseLock is transforming the industry's approach to bad debt by replacing deposits with lease insurance. Renters can pay a small monthly amount instead of a large upfront cost, while property owners are protected from financial loss due to damage and unpaid rent. LeaseLock has enabled deposit free leasing for over 2 million renters. The LeaseLock Marketplace includes screening, fraud protection, credit building, cash management and delinquency recovery solutions. By partnering with Esusu, LeaseLock now empowers properties to strengthen renter financial health while also improving retention and overall financial stability. To date, the Esusu platform has enabled over 200,000 renters to establish a credit score for the first time, while unlocking over $50 billion in credit activity. On average, millions of Esusu renters have seen a positive credit score increase of 45 points, providing them access to better quality financial products and lower interest rates. "We are thrilled to work with Esusu, given their leadership and expertise in the credit building space. Renters will now have more financial flexibility and opportunity with deposit free leasing from LeaseLock and rent reporting from Esusu," said Janine Steiner Jovanovic, CEO of LeaseLock. "Renters who pay on time are rewarded for their financial responsibility, while property owners maintain the benefit of financial protection with lease insurance." "At Esusu, we believe renting should work for renters, not against them," said Wemimo Abbey and Samir Goel, Esusu co-CEOs. "By joining forces with LeaseLock's innovative lease insurance, we are expanding financial access for renters and reinforcing our commitment to making housing more equitable for all." This partnership further strengthens LeaseLock's growing ecosystem of solutions designed to optimize asset value, enhance operational efficiency, and modernize the rental experience for property owners and renters. About LeaseLock LeaseLock is the leading insurance technology provider for rental housing. Our AI powered underwriting, LeaseLock Shield™, predicts risk and optimizes coverage for each property and portfolio. Owners and operators gain smarter loss protection while accelerating leasing and minimizing regulatory and legal risk. With over $10 billion in leases insured, LeaseLock is reshaping the way investors and operators manage financial risk while delivering significant benefits to renters. As an accredited GRESB partner, LeaseLock is dedicated to improving housing accessibility by removing financial barriers for renters while protecting against the risk of bad debt. Learn more at About Esusu Esusu is a leading financial technology platform that empowers residents and transforms property performance by leveraging rental data. Its rent reporting platform captures rental payment data and reports it to credit bureaus, boosting renters' credit scores and helping property owners reduce evictions. Founded in 2018, Esusu reaches over 5 million rental units across all 50 states in the U.S. Learn more at and follow us on Instagram @myesusu and X @getesusu. View source version on Contacts Media Contacts: Julie Sign in to access your portfolio
