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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:
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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
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Education:
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Achievements and Recognition:
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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
POLICY IN ACTION: Esusu and MassHousing partner to advance economic opportunities for renters across the Commonwealth.
Learn more here --> https://lnkd.in/gvtyJQhx
CC: Samir Goel | Esusu
In a prosperous America, your zip code, the color of your skin, and your financial identity should never determine where you end up in life.
Thanks to the Bloomberg team and Romaine Bostick, CFA for having me and John Hope Bryant on.
Full interview (starting at 1:11:47) here —> https://lnkd.in/g2vE4zsh
cc: Samir Goel | Esusu
