Latest news with #WemimoAbbey
CNBC
22-05-2025
- Business
- 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.
Yahoo
16-04-2025
- Business
- 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
Yahoo
09-04-2025
- Business
- Yahoo
OneUnited Bank Teams Up with Esusu to Empower Renters, Unlock Better Credit and Open Doors to Homeownership
Two Impact-Driven Companies Collaborate to Provide Financial Wellness Tools for All BOSTON, April 9, 2025 /PRNewswire/ -- In recognition of Financial Literacy Month, OneUnited Bank, a leading Community Development Financial Institution and the nation's largest Black-owned bank, is joining forces with the innovative credit-building platform Esusu to revolutionize the path to homeownership for renters. By reporting on-time rental payments, this alliance simplifies credit building, paving the way to homeownership and delivering essential financial literacy tools and AI technology to help close the wealth gap. "This alliance is all about empowering renters with the financial tools they need to turn their homeownership dreams into reality," said Teri Williams, President & COO, OneUnited Bank. "For decades, our mission has been to promote financial empowerment for everyone, and this collaboration with Esusu is an important step in that direction." "Financial literacy is the key to achieving stability," noted Wemimo Abbey and Samir Goel, co-CEOs of Esusu. "This collaboration is all about equipping renters with the knowledge they need to navigate their journey to homeownership." 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, renters see a positive credit score increase of 45 points, providing them access to better quality financial products and lower interest rates. "Recognizing rent payments as a valid form of credit building can truly change lives," added Williams. By enabling the reporting of rent payments to all three major credit bureaus, this initiative seeks to transform monthly rental costs into a pathway for increased mortgage eligibility. OneUnited Bank will make rent reporting available to all customers and Esusu will enable renters to access OneUnited Bank's AI-driven financial solutions through its app. This marks Esusu's first collaboration with a banking institution, showcasing the commitment of both organizations to empower underserved communities through cutting-edge, AI-driven financial solutions. For media inquiries, please contact: Suzan McDowell via email at 392958@ or phone at 305-576-3790. PRESS KIT About OneUnited Bank:OneUnited Bank, America's leading Community Development Financial Institution, the nation's largest Black-owned bank, eleven-time recipient of the US Department of Treasury's Bank Enterprise Award for community development and named Inc. Magazine's Best in Financial Services 2024. For more info, please visit 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 Twitter @getesusu. View original content to download multimedia: SOURCE OneUnited Bank Sign in to access your portfolio
