Obligo, a proptech firm focused on flexible security deposit solutions for renters, has raised $35 million in funding co-led by 83North and True Global Ventures, aiming to expand partnerships and introduce new products across millions of U.S. homes. With recent collaborations with property management platforms like AppFolio, Buildium, and Yardi, the company leverages AI and Open Banking to offer deposit-free options, which have become a key factor for renters in housing selection. The funding will support Obligo’s rapid growth and product innovation, positioning it as a transformative player in the rental market by enhancing trust and flexibility for renters and landlords.

Obligo Raises $35M to Expand Its Security Deposit Solutions Across Millions of U.S. Homes