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Obligo
Obligo is a fintech company focused on enhancing the residential rental experience by eliminating traditional security deposits. Founded in 2017 by brothers Roey and Omri Dor, Obligo aims to simplify the move-in and move-out process for both renters and landlords. The company is headquartered in New York, with a significant operational branch in Tel Aviv, and serves over one million homes across the United States. Obligo offers innovative security deposit replacement solutions that utilize Open Banking, AI, and Machine Learning. Their services include deposit-free rental authorization, bank-issued letters of credit, automated electronic deposit refunds, and AI-driven eligibility screening. These features help reduce upfront costs for tenants while ensuring landlords are financially protected. Obligo primarily targets property managers and landlords, providing them with tools to streamline operations and attract quality tenants, all while making renting more accessible for individuals.
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$2M