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Wemimo Abbey

Bridging the racial wealth gap (We're Hiring)

Wemimo Abbey is the Co-Founder and Co-CEO of Esusu, a financial technology company that aims to bridge the racial wealth gap and promote financial inclusion.12 Born in Nigeria, Abbey moved to the United States at the age of 17 and experienced firsthand the challenges of accessing credit without a credit score.4

Key points about Wemimo Abbey:

  1. Career and Entrepreneurship:

    • Co-founded Esusu in 2018, which has since reached unicorn status with a $1 billion valuation.13
    • Previously founded Clean Water for Everyone, providing clean water access to 250,000+ people in multiple countries.14
    • Founded Open Aid Initiative, a data analytics company tracking development finance in Africa, which was acquired in 2014.13
    • Worked at companies like Accenture, Goldman Sachs, and PricewaterhouseCoopers (PwC).14
  2. Education:

    • Graduated Magna Cum Laude from the University of Minnesota with a B.S. in Business Management.4
    • Earned an M.P.A. from New York University's Robert F. Wagner Graduate School of Public Service.4
  3. Achievements and Recognition:

    • Named to the 2022 Fortune 40 Under 40 and Crain's 40 Under 40 lists.1
    • Recognized on the 2020 Forbes 30 Under 30 list.14
    • Selected as one of Goldman Sachs' 100 Most Intriguing Entrepreneurs in 2021.4
    • Serves as a Queen's Young Leader and member of the Royal Commonwealth Society.4
  4. Mission and Impact:

    • Esusu helps renters build credit through rent reporting, aiming to transform the credit system and provide pathways to homeownership.3
    • The company has helped users access $13 billion in credit and is available in 4 million rental units across all 50 states.3
    • Abbey is committed to eradicating homelessness and making art more accessible to underserved communities.3

Wemimo Abbey's entrepreneurial journey and dedication to financial inclusion have made him a notable figure in the fintech industry, addressing systemic issues of credit access and wealth inequality.23

Highlights

Aug 16 · ashoka.org
Wemimo Abbey - Ashoka
Wemimo Abbey - Ashoka
Jul 22 · youtube.com
Wemimo Abbey on Building Financial Inclusion with Esusu - YouTube
Wemimo Abbey on Building Financial Inclusion with Esusu - YouTube
Wemimo Abbey - Milken Institute
Feb 1 · nul.org
WMY - Bio - Abbey Wemimo - National Urban League

Related Questions

What inspired Wemimo Abbey to start Esusu?
How did Wemimo Abbey's background influence his entrepreneurial journey?
What are some of the key achievements of Esusu under Wemimo Abbey's leadership?
How does Esusu's rent reporting system work?
What challenges has Wemimo Abbey faced in building Esusu?
Wemimo Abbey
Wemimo Abbey, photo 1
Wemimo Abbey, photo 2
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Location

New York, New York, United States