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Obligo, Inc., based in New York, offers deposit-free rental security alternatives that let renters move in without cash deposits.
Founded in 2017 in New York, Obligo, Inc. gives renters an alternative to cash deposits, with instant electronic refunds and certified move-in payments handled on mobile devices. Property managers and owners pay subscription and transaction fees and can customize deposit-free programs to support lease renewals. In October 2024 the company raised USD 21.514 mn in Series B funding, co-led by returning investor 83 North and new investor True Global Ventures.
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