Esusu, an innovative financial technology company committed to renter financial health, announces a significant expansion of its platform through a partnership with Operation HOPE, the nation’s leading nonprofit in financial literacy and economic inclusion. This collaboration introduces personalized financial coaching to renters nationwide, enhancing Esusu’s cutting-edge Renter Financial Health Platform. The platform already features rent reporting and credit building, access to rent relief, comprehensive financial resources and assistance, and a curated marketplace of quality financial products.
According to the National Foundation for Credit Counseling, financial knowledge in the U.S. is most often passed down from family members. This leaves those not born into wealthy families without easy access to valuable financial education. It is challenging to find high-quality, personalized financial coaching outside family advice or generic tools. This is important because people with financial literacy are less likely to struggle to make ends meet or lack emergency savings to cover unexpected expenses.
Through this partnership, Operation HOPE will provide Esusu renters with individualized coaching and group workshops tailored to individual needs. By working with a dedicated coach over several months, Esusu renters can learn proven techniques to reduce debt, increase savings, create budgets, review credit reports, and develop financial action plans.
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“Esusu and Operation HOPE are breaking down barriers to critical financial educational resources that help renters work towards financial stability and build generational wealth,” stated Wemimo Abbey and Samir Goel, Co-Founders and Co-CEOs of Esusu. “This foundational partnership stems from our shared vision to bridge the racial wealth gap and enhances our commitment to catalyze economic growth within local communities nationwide.”
Surveys have shown that 77% of Americans feel anxious about their financial situation. Further, renters are seven times more likely than homeowners not to have a credit score, making it nearly impossible to get approved for a home mortgage, access first-time homeownership, or build wealth. Esusu’s Renter Financial Health Platform tackles these issues head on with its holistic approach featuring rent reporting and credit building, and now financial coaching focused on areas of debt management, savings, and more.
Operation HOPE clients who have received financial coaching have seen tangible results:
- Average credit score increase of 41 points
- Over $1.1K median increase in savings
- Over $1.8K median decrease in debt
- Over $1B in mortgage funding received
“Financial literacy is the civil rights issue of our time, and this partnership is a great equalizer,” said John Hope Bryant, Founder, Chairman, and CEO of Operation HOPE. “Together with Esusu, we are empowering renters with the knowledge and tools they need to take control of their financial futures and build generational wealth.”
This partnership marks a significant step forward in the mission to provide equitable financial opportunities and foster a more inclusive economy where everyone has the chance to thrive. By combining Esusu’s innovative renter platform with Operation HOPE’s expertise in financial literacy, this collaboration promises to empower renters across the nation.
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