Obligo Raises Funding to Expand its Deposit-Free Renting Platform

November 23, 2020
Share this Post: 

Covid continues to push companies to turn towards tech to offer safer options for consumers

Obligo has announced a Series A funding round with a target of $15.5 million. With this added capital, the fintech company will expand its deposit-free platform to more homes across the country.

This is the perfect time for tech like this, says Roey Dor, Obligo CEO, as Covid is keeping in-person interactions to a minimum and consumers are continuously looking for safer ways to continue their everyday needs.

Dor said:

“We can help families avoid the burden of paying a security deposit at move-in, or return their deposits in the middle of their lease. Landlords that utilize our technology enjoy reduced operational costs and are able to promote their properties as deposit-free communities, providing a powerful incentive that drives both move-ins and renewals."

Tenants can use Obligo to rent an apartment without a security deposit, an attractive option for many, including investors and partners.

Yahal Zilka, Co-Founder and Managing Partner of 10D, said:

"Within the deposit-free space, Obligo has a clear technology lead with powerful underwriting, collection and integration capabilities. We're thrilled to join Obligo's visionary team on this exciting journey."

November 23, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Zumper Movoto Deal
US Portal Operators OJO Labs and Zumper Sign Listings Deal

The US real estate portal operator OJO Labs has announced that it has signed a listings partnership deal with rental...

Read More
Women In Tech Rea And Zoopla
REA Group and Zoopla Backing Women in Tech Initiatives

Both leading Australian portal operator REA Group and British property portal Zoopla have today announced measures to back women in...

Read More
Alma Media House Symmetry
Alma Media Q3 Figures Show a Healthy Company as Stock Trades at Record High

Alma Media, the operator of Finland's two largest real estate marketplaces, has released figures from its Q3 that show record...

Read More
Ke Holdings Layoffs
KE Holdings Lays Off Staff As Chinese Market Cools

KE Holdings, the operator of China's largest real estate marketplace and brokerage Beike, has laid off workers in Shanghai according...

Read More

Popular News