Fintech | New York

Obligo Raises $15.5M Series A to Do Away with Rent Deposits

Obligo , a platform providing vetted renters with a substitute for security deposits to landlords, announced the launch of a $15.5 million Series A funding round. Investors include 83North, 10D, Entrée Capital, Viola Credit, and other strategic real estate investors who find this tool to be useful as it facilitates easier rental for landlords and tenants. Funds will  be used to enable Obligo to provide its deposit-free platform to millions of homeowners and tenants across the U.S. [Full story]