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50 ESUSU AND PROGRESS PARTNER ON SFR HOUSING INITIATIVE Esusu and Progress Residential have announced a new partnership to make Esusu's platform for financial health solutions available to Progress Residential's more than 250,000 residents across approximately 80,000 homes nationwide. Since launching in 2018, Esusu has helped residents report their on-time rent payments to the major credit bureaus and boost credit scores. is partnership is the first time Esusu will bring its rent reporting capabilities to the single-family residential (SFR) market. e application of Esusu's comprehensive data and credit platform will enable Progress Residential to extend its commitment to building residents' credit, offering access to financial education resources, and providing affordable housing. "Esusu and Progress Residential are creating access to credit and financial opportunities for millions of people across the country who have previously been left behind," said Samir Goel and Abbey Wemimo, Co-Founders of Esusu. "is collaboration is designed to deliver transformational credit building services and a holistic platform for renter financial health. As a pioneer in the single-family rental market and with its established focus on putting residents first, Progress Residential's reach and nationwide platform enable Esusu to scale its vision to bridge the racial wealth gap." e SFR commitment is the first announcement to follow Esusu's recent closing of a $130 million round of funding that values the company at $1 billion. "e Progress promise is to put our residents first, and we are excited to continue doing just that by joining forces with Esusu to extend their credit reporting platform, helping all residents across our single-family rental portfolio build their credit," said Morgan Collins, Chief Commercial Officer at Progress Residential. "Working alongside Esusu will enable us to develop new products and programs that remove barriers to housing choice and ultimately help residents achieve their dreams. is first-of- its-kind partnership is a transformational next chapter for Progress Residential." Industry Updates From mergers and acquisitions to cutting-edge tech tools and solutions, here's the company news the industry is talking about this month.