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Fintech Company Obligo Raises $15.5M in Series A to Roll Out New Standard for Deposit-Free Renting

Fintech Company Obligo Raises $15.5M in Series A to Roll Out New Standard for Deposit-Free Renting

11/18/20, 1:34 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgnew york
Money raised
$15 million
Round Type
series a
 Fintech company Obligo today announced a $15.5 million Series A funding round from investors including 83North, 10D, Entrée Capital, Viola Credit, and other strategic real estate investors. The funding will enable Obligo to roll out its deposit-free technology to millions of homes across the U.S.

Company Info

Company
Obligo:
Location
new york, new york, united states
Additional Info
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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