Series C funding
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Esusu, a renter credit‑building platform, now valued at $1.2 billion
words.Esusu, a fintech that reports rent payments to credit bureaus, raised $50 million in Series C, valuing it at $1.2 billion. Targeting the 110 million U.S. renters largely “credit‑invisible,” the platform has helped users unlock $30 billion in mortgage financing and now serves 12 million renters across 5 million units. With new capital, Esusu will expand its Rent‑Reporting‑as‑a‑Service API, launch Esusu Pay for installment rent payments, and deepen integration of rental data into mortgage underwriting, aligning with recent FHFA mandates.
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AI Hiring Startup Mercor Valued at $10 Billion After New Funding Round
Mercor, an AI startup training AI models, secured $350M in a Series C round led by Felicis, valuing the company at $10B. The funding will expand talent, improve matching systems, and accelerate delivery. Mercor utilizes a network of 30,000 experts, paying them over $1.5M daily to provide nuanced training. The company benefited from market shifts after Meta’s investment in Scale AI, creating an opening for providers like Mercor. However, it faces competition from other players in the data-labeling and AI training space.
