Obligo collects Series B ahead of US growth

Obligo, which is helping to build trust between renters and landlords, has collected $35m in its Series B funding round.

The investment was led by 83North, with commitments also coming from HighSage Ventures, 10D, Entrée Capital, Alumni Ventures, MUFG Innovation Partners, La Maison Partners and others.

With the capital injection, the company plans to expand its product suite grow its market share and bring its services to move homes in the US.

Its holistic tool suite is designed to streamline the rental experience. Its platform leverages open banking data and AI to determine a renter’s eligibility to rent deposit-free. Once the tenancy has commenced, the renter can pay online and at the close of the contract, receive their deposit back.

Landlords and property managers can use Obligo to simplify their move-in process, comply with regulations and improve their listings.

The company has partnered with more than 100 tech-forward property owners and managers, including AIR, Beam Living and Common.

Obligo CEO Roey Dor said, of “An Obligo-powered experience provides renters with flexibility, peace of mind and financial freedom.

“Thanks to powerful software integrations and elimination of all paper processes, the operational and financial benefits to owners and operators are substantial.”

The FinTech company previously raised $15.5m in its Series A funding round in 2020.

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