Using AI to verify renter eligibility and risk

Imagine a software app that creates peace and understanding between landlords and tenants. How much value would that have in this world of constant rental turnover and strife?

This is the challenge taken on by Obligo, a New York-based fintech company that is using AI and machine learning to determine the level of risk of renters so that landlords feel safer about transactions. The company just announced a series B funding of $35 million.

The funding round was led by investor 83North. Additional investors participating in the round include Highsage Ventures, 10D, Entree Capital, Alumni Venture Group, and MUFG.