The new products are designed to meet diverse preferences and deliver a hyper-personalized deposit experience
Obligo, the fintech company on a mission to rid renters and property managers from the burden of security deposits and establish a new standard of trust in renting, announced the launch of Deposit-in-Installments and Reduced Deposit with AppFolio, the technology leader powering the future of the real estate industry.
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With Obligo, renters can choose the security deposit option that best suits their needs directly within their online portal. For AppFolio’s property managers, Obligo simplifies deposit management—reducing administrative work and bad debt, helping fill vacancies faster, and ensuring full protection.
Flexible deposit options available to renters include:
- No Deposit – Qualified renters can skip paying a traditional cash deposit entirely.
- Reduced Deposit – Renters who qualify can opt to pay a portion of their standard deposit amount, providing enhanced financial flexibility.
- Deposit-in-Installments – Renters can also choose to split payment of a full deposit into installments, making it easier to budget move-ins.
- Full Deposit – For those who prefer or are required to, paying the entire deposit upfront remains available.
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“We’re proud to launch new, innovative products that bring hyper-personalized deposit solutions to AppFolio’s ecosystem,” said Roey Dor, CEO of Obligo. “Our vision is for Obligo to become seamlessly embedded in the leasing journey—a trusted, one-stop shop for all things deposit-related.”
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The launch of the new flexible deposit alternatives is the latest innovation in Obligo and AppFolio’s integration. Obligo’s API-first platform integrates seamlessly within AppFolio, earning recognition for its scalability, security, and flexibility.
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Source: prnewswire
