Obligo

Obligo

Deposit-free renting with billing authorization

Overview

Obligo offers a deposit-free renting option by replacing upfront security deposits with a billing-authorization system. Tenants avoid initial deposits and can be billed later for damages, while landlords receive immediate payment on valid claims. Tenants repay billed amounts in installments, giving renters financial flexibility. The goal is to simplify rental transactions, reduce upfront costs for renters, and provide landlords with reliable protection against damages.

About Obligo

Simplify's Rating
Why Obligo is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Fintech

Real Estate

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$90.5M

Headquarters

New York City, New York

Founded

2017

Get referred to Obligo

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • RealPage says Obligo cuts leasing timelines by four days and saves 3.5 hours per unit.
  • Obligo's 2026 Deposit Agent targets move-out disputes, the highest-friction revenue-protecting workflow.
  • 2024's $35M financing funds product innovation, IP development, and expansion toward profitability.

What critics are saying

  • RealPage's 2026 partnership concentration makes a platform shift instantly damaging to distribution.
  • Security deposit rules vary by state; compliance failures trigger penalties, disputes, and product restrictions.
  • Latka lists only 93 employees, so execution strain threatens multi-platform, AI, and collections scaling.

What makes Obligo unique

  • Obligo embeds deposit workflows inside RealPage, Yardi, AppFolio, and Buildium.
  • Its Deposit Agent automates charges, refunds, compliance, and dispute resolution across move-out.
  • Wells Fargo and HSBC-backed guarantees replace cash deposits with instant landlord payment protection.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$90.5M

Below

Industry Average

Funded Over

5 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Remote Work Options

Paid Vacation

Paid Holidays

Commuter Benefits

Stock Options

Company Social Events

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-2%

2 year growth

2%
PR Newswire
Jul 7th, 2026
Obligo partners with RealPage to eliminate security deposit admin, cutting lease timelines by 4 days

Obligo has partnered with RealPage to offer integrated security deposit solutions for property managers. The collaboration eliminates traditional deposit administration by replacing it with a guaranteed payment method embedded in RealPage's property management software. The integration reduces leasing timelines by up to four days and saves property teams 3.5 hours of administrative work per unit. Property managers can access the service directly within their RealPage accounts without switching platforms. Renters benefit from flexible payment plans at move-in and streamlined communications throughout their tenancy. The service is available through RealPage's OneSite and LOFT platforms. Obligo, founded in 2018, currently operates in over one million homes across the US. The fintech company's guarantee is backed by letters of credit from Wells Fargo and HSBC.

PR Newswire
Jun 15th, 2026
Obligo launches AI agent to automate security deposit management for property teams

Obligo has launched the Deposit Agent, the first autonomous AI agent designed for lease security and deposit administration. The tool aims to help property teams manage deposits with reduced manual work and fewer disputes. Built on Obligo's deposit operating system, the Deposit Agent handles workflows including setting requirements, processing charges and refunds, managing compliance, and preventing disputes. It consolidates fragmented systems into a single AI layer informed by rental transaction data and compliance expertise. CEO Roey Dor highlighted move-out as the agent's most valuable application, helping residents and property teams review charges and resolve issues before disputes arise. The tool will be accessible via Obligo's platform, API, and MCP. Founded in 2018, Obligo replaces traditional cash deposits with guaranteed payment methods and is integrated into major property management software. The company serves over one million homes across the US.

Obligo
Jun 15th, 2026
Obligo introduces the first AI agent for security deposits.

Obligo introduces the first AI agent for security deposits. By: Team Obligo Get Blog Updates for In-Depth Resources The Deposit Agent helps property teams manage deposits with less manual work, fewer disputes, and a better renter experience. Obligo today introduced the Deposit Agent, the first autonomous AI agent purpose-built for lease security and deposit administration. Built on Obligo's deposit operating system, the Deposit Agent is built to work like another member of the property team - initiating proactive workflows to help set requirements, process charges and refunds, manage compliance, and prevent disputes. Security deposit administration touches every stage of the lease, but today, it's often managed across fragmented systems, spreadsheets, emails, ledgers, and phone calls. The Deposit Agent brings these workflows into a single AI layer connected to Obligo's deposit operating system, informed by years of real rental transaction data and compliance expertise. "Move-out is where the Deposit Agent can create the most immediate value," said Roey Dor, Co-founder and CEO of Obligo. "Deposit decisions are sensitive because residents want their money back, while property teams need to recover legitimate costs and document every decision. By helping both sides review charges, understand evidence, ask questions, and resolve issues before they become disputes, the Deposit Agent can make move-out more transparent, consistent, and trusted." Obligo's customers and embedded property management software partners will be able to access Deposit Agent via MCP, as well as directly through Obligo's platform and API. The Deposit Agent will be made available to Obligo's property management customers in the coming months. Operators can request early access here or through their Obligo customer success manager. Back to Blog

Obligo
Mar 4th, 2026
The Property Management Companies Renters Trusted Most In 2025

The Property Management companies renters trusted most in 2025. By: Team Obligo Get Blog Updates for In-Depth Resources Obligo Inc is proud to announce the recipients of its sixth annual Renter's Trust Awards! In a rental landscape where move-out charges too often create tension and uncertainty, these award-winning property management companies are raising the bar. By embracing a modern, tech-enabled approach to deposits, they're reducing friction, preventing negative reviews, and delivering a move-in and move-out experience that doesn't just meet expectations, it genuinely earns renters' trust. Obligo helps power a more transparent and streamlined rental experience for both properties and renters. The platform enables properties to maintain full protection, reduce bad debt, and offer a compelling amenity to prospective residents, giving renters flexible options allowing them to instead use funds at move-in to save, invest, or spend. For award consideration, Obligo evaluates a property's deposit deductions (if any), charge repayments, renter sentiment, and more. The Renter's Trust Awards recognizes property management companies that consistently demonstrate fairness, transparency, and accountability, earning a high level of trust from their renters based on these criteria. To ensure statistical rigor, only operators with more than 18 months of activity on the Obligo platform were considered. The 2025 Renter's Trust Award winners: * Beam Living | Multifamily | New York | PMS: Yardi * Bev Roberts Rentals | Single Family | North Carolina | PMS: AppFolio * Blackfish Companies | Multifamily | Utah | PMS: Entrata * Chelsmore Apartments | Multifamily | New York * Civic Property Management | Single Family | New Jersey, Pennsylvania | PMS: RealPage * Dakota Management | Single Family | Colorado | PMS: Buildium * Enclave Property Management | Single Family | North Dakota | PMS: AppFolio * Hornberger Property Management | Single Family | Indiana, Washington | PMS: AppFolio * J & L Holding | Multifamily | New York | PMS: Yardi * Luna Properties, LLC | Single Family | Montana | PMS: AppFolio * Northern Virginia Property Management Pros | Single Family | Virginia | PMS: Propertyware * Personal Touch Property Management | Single Family | North Dakota | RentVine * Reside Rentals Properties | Single Family | Indiana, Utah | PMS: Buildium * Shannon Property Management | Single Family | Texas | PMS: AppFolio * The Arena Group | Single Family | Texas | PMS: AppFolio * Urban Coast Properties, Inc. Multifamily | California | PMS: AppFolio * Wolfnest | Single Family | Utah | PMS: Propertyware "Earning trust, whether it be with our tenants or with owners, or even our employees is something we've been working towards," says Evagail Calvert, Director of Operations at The Arena Group. "So it was exciting to see something that shows we're succeeding." Shannon Weber, owner of Luna Properties says,"Winning the Renter's Trust Award two years in a row is validating, because our goal is to build relationships with our residents and being recognized for that is a treat. It's validation that hey, what we're doing is working." "Trust is earned through consistent outcomes, not good intentions," said Roey Dor, CEO of Obligo. "This year's Renter Trust Award winners are showing what's possible when transparency at move-out is treated as a core operating principle. By modernizing deposits and prioritizing renters, they're reducing friction, managing risk more effectively, and elevating the rental experience." Looking to stay ahead of your competition, attract qualified renters, and create a first-class rental experience? Schedule a demo with Obligo Inc and learn how you can enhance your property performance and increase resident satisfaction. Back to Blog

Oklahoma Property Management Group
Feb 10th, 2026
Revolutionizing the Move-In Experience: Edmond Premier Real Estate Partners with Obligo

Revolutionizing the move-in experience: Edmond Premier Real Estate partners with Obligo. By Jenifer Bowen - Tuesday, February 10, 2026 At Edmond Premier Real Estate Services LLC, we are constantly looking for innovative ways to enhance the rental experience for our residents while providing superior protection for our property owners. We are thrilled to announce that we have partnered with Obligo to offer a smarter, more flexible alternative to traditional security deposits. This new program is designed to lower the barrier to moving into your dream home, allowing you to keep your cash where you need it most - in your pocket. Jenifer Bowen Vice-President/Operations Manager

Recently Posted Jobs

Sign up to get curated job recommendations

Obligo is Hiring for 1 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →