OneUnited Bank Teams Up With Esusu to Boost Homeownership for Renters

In celebration of Financial Literacy Month, OneUnited Bank – the largest Black-owned bank in the U.S. – has partnered with fintech innovator Esusu to help renters build credit and pave the way to homeownership. This groundbreaking collaboration transforms routine rent payments into a tool for financial empowerment.

Through the partnership, OneUnited customers can now report on-time rent payments to all three major credit bureaus, a move proven to boost credit scores and improve mortgage eligibility. The impact is clear: renters using Esusu’s platform have seen their credit scores rise by an average of 45 points, with over 200,000 individuals establishing a credit score for the first time.

“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 Esusu, this marks its first partnership with a banking institution. Co-founded by Wemimo Abbey and Samir Goel, the fintech company has already unlocked over US$50 billion in credit activity for underserved communities through its rent-reporting technology and financial literacy resources.