What is Obligo?

What is Obligo?

Obligo is a fintech platform that eliminates the need for traditional security deposits in the rental process. Instead, it uses a credit-backed deposit alternative, allowing renters to keep more cash on hand. Obligo facilitates a smooth move-in and move-out process by integrating with existing property management systems and offering electronic deposit refunds. This solution not only simplifies the financial burden for renters but also enhances operational efficiency for property managers by streamlining leasing and accounting operations. The platform leverages Open Banking technology and AI to assess renters' eligibility, providing a secure and transparent method to handle potential damages and unpaid rent through authorized billing. This innovative approach aims to build trust between renters and landlords, ultimately improving the rental experience for all parties involved.

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