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Announced

Completed

SoftBank Vision Fund 2 led a $130m series B funding round in Esusu.

Financials

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Transaction Value£115m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Completed

FinTech

United States

Venture Capital

Acquisition

Friendly

fintech

Domestic

mobile platform

Private Equity

Private

Synopsis

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SoftBank Vision Fund 2, a technology-focused investment fund, led a $130m series B funding round in Esusu, a mobile platform, with participation from Jones Feliciano, Lauder Zinterhofer, Motley Fool Ventures, Schusterman Foundation and Wilshire Lane Capital. “We founded Esusu with the vision of using data to bridge the racial wealth gap and create more equitable financial opportunities for low-to-moderate-income households in this country. By establishing and improving credit scores, we are strengthening financial identities while empowering individuals, families, and communities to meet their long-term financial goals,” Abbey Wemimo and Samir Goel,Esusu Co-Founders.

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