Obligo is a Fintech startup harnessing state-of-the-art Open Banking technologies to rid both tenants and landlords from the burden of security deposits.
Obligo makes the move-in process as simple as checking in to a hotel.
Obligo was founded in 2017 by Roey Dor and Omri Dor. The company is headquartered in New York, with an office in Tel Aviv, Israel.
Obligo enables tenants to rent an apartment without a security deposit. Instead of paying a deposit or buying deposit insurance, renters submit a payment method for pre-authorization, similar to a hotel check-in process.
Obligo has established partnerships with leading property managers such as Beam Living (StuyTown), Aimco, Common Living, Olshan Properties, AJ Clarke, Time Equities, Hunter Lafayette, Landmark Communities and others.
Obligo is backed by 83North, 10D, Entrée Capital, Viola Credit and others. The company raised $15.5M in Series A round on Nov 18, 2020. This brings Obligo's total funding to $22.5M to date.