Azibo, the free, one-stop-shop financial services platform for the rental property market, has secured $19m in Series A funding.
The round was led by SVB Capital, with participation from new investors RET Ventures, Liberty Mutual Strategic Ventures, Victory Park Capital, and Gaingels, as well as existing investors Canaan, Khosla Ventures, QED Investors, Camber Creek, Assurant Ventures, and Context Ventures.
Azibo’s financial services platform provides solutions for rent collection, bill payments, and expense management; full-service commercial banking; nationally licensed insurance; and lending solutions for mortgages and short-term loans. The company also created the Azibo Marketplace, a trusted network of partners offering best-in-class services for landlords and renters.
The company said the funding will allow it to hire new talent for the company’s Tahoe-Reno and San Francisco Bay Areateams, accelerate product innovation, and scale go-to-market efforts.
The team will continue to focus on building out the platform for the entire rental property ecosystem, enabling landlords to seamlessly interact with renters, property managers, and vendors, as well as developing new features that empower renters to improve their financial health.
Chris Hsu, CEO and co-founder of Azibo, said, “Since launching the company, we’ve focused on building an all-in-one platform that simplifies rental property finances and levels the playing field for independent landlords and everyone they interact with.”
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