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

Nov 18, 2020•about 5 years ago

Amount Raised

$15 Million

Round Type

series a

New York

Description

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 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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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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

Description

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Company Information