The Digital Horizon Venture Fund has joined the list of capital investors in fintech company Obligo. The company has raised $35 million in its Series B funding round. The list of investors also includes 83North, HighSage Ventures, 10D, Entrée Capital, Alumni Ventures, MUFG Innovation Partners and La Maison Partners.
Obligo’s innovative tech platform powers a rental experience designed to build trust between renters and landlords, making the rental process as simple as checking in and out of a hotel. Its platform uses open banking data and AI to determine a renter’s eligibility to rent deposit-free. Renters can make their move-in payments online and at move-out, Obligo handles any end-of-lease deductions, refunding of deposits and billing the renter for any open charges.
Founded in 2018 by brothers Roey and Omri Dor, Obligo has partnered with over 100 tech-forward U. S. property owners so far.
The new funding will be used to expand its product suite, grow market share and bring industry-changing rental solutions to millions of homes across the United States.
Combined with its recent Series A round, Obligo has raised over $50 million in the last 12 months.