PropTech platform Zibo said to raise $10.5m in funding

Zibo, a payments and financial management app for landlords, has reportedly landed $10.5m in its funding round.

Canaan Partners led the round, with contributions also coming from QED Investors, Khosla Ventures and SVB Capital, according to a report from Coverager.

The FinTech platform enables landlords to manage all of their bank accounts, rent payments, deposits and expenses from a single location. Furthermore, users can automate their rent collection by supplying tenants bank transfer, credit card payment and direct debits.

Zibo also enables the landlord to view, manage and move money to ease bill payments , with the platform helping to correctly tax the property.

Renters can also use Zibo, enabling them to pay their rent online and the ability to schedule the money to be transferred automatically. Payments are secured through 256-bit encryption to ensure online safety.

Earlier in the year, Canaan Partners contributed to the $6.4m funding round of home renovation loans platform RenoFi.

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