Obligo Partners With Wells Fargo for No-Deposit Product for Landlords, Tenants

FinTech rental management platform Obligo is partnering with banking giant Wells Fargo to expand its product offerings and will now be the only security deposit alternative utilizing bank-issued letters of credit for landlords and tenants.

Landlords and property managers using Obligo get the added protection of Wells Fargo letters of credit, while renters get the ability to rent without having to make a deposit, according to a press release Monday (June 27).