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Obligo Secures $35M Funding to Expand Strategic Partnerships and Product Launches

Oct 21, 2024•over 1 year ago

Contract Type

partnership

New York

Description

Obligo, a fintech company specializing in flexible security deposit solutions, has secured $35M in new funding led by True Global Ventures and 83North. The funding will accelerate the expansion of strategic partnerships and the launch of additional products. The investment comes at a time of rapid growth and recent partnerships with property management software companies, positioning Obligo as a key deposit solution for millions of U.S. homes.

Company Information

Company

Obligo:

Location

New York, New York, United States

About

Obligo rids both landlords and renters of the burden of security deposits, lowering costs, increasing cash flow and simplifying the move-in process. Owners and managers use Obligo to streamline their operations, comply with changing regulations, make their listings more appealing to renters, and incentivize renewals. As the only non-insurance deposit alternative, Obligo's credit-based solution keeps landlords secure and renters accountable by combining Open Banking technology with AI-based underwriting and collection capabilities. Since launching its fintech solution in 2018, Obligo has established partnerships with leading property managers across the US.

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Based on industry data
Strategic partnership established
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