Obligo Technologies

Company Overview

Snapshot

Founded in August 2016 by Roey Dor and Omri Dor, Obligo Technologies operates with 51–200 employees. The company has raised a total of $88.5 million across 5 funding rounds from 11 investors.

Business overview

Obligo Technologies is a financial technology company focused on enhancing fairness, trust, accountability, and transparency within the tenant-landlord relationship. The company's core product, Obligo Billing Authorization, allows qualified renters to forgo traditional cash security deposits, instead enabling landlords to bill renters up to the deposit amount only if a claim arises. This solution effectively replaces security deposits and serves the real estate and property management industries, operating within the Fintech & Insurtech sector.

Strategic signal

In October 2024, Obligo's platform, which offers a security deposit alternative utilizing bank-issued Letters of Credit supported by Wells Fargo, was highlighted. This development signals a significant advancement in the proptech and fintech sectors by integrating established financial institutions into innovative rental solutions, potentially accelerating the adoption of deposit-free living and validating Obligo's business model for institutional investors.

Company Intelligence Q&A

What was the most recent funding event for Obligo Technologies?

This round was led by True Ventures and 83North.

What is Obligo's core offering for renters and landlords?

Obligo Technologies provides a platform that offers a security deposit alternative, utilizing bank-issued Letters of Credit supported by Wells Fargo. This allows qualified renters to avoid paying a traditional cash deposit.

What strategic partnership did Obligo establish in June 2022?

In June 2022, Obligo innovated with Wells Fargo to help landlords and renters move away from the burden of security deposits, indicating a significant collaboration with a major financial institution.

What recognition did Obligo Technologies receive in March 2021?

In March 2021, Obligo Technologies was named the most promising Israeli-founded Fintech Startup in Lending and Financing for 2021.